2406 Gretter PlAlexandriaVA22311
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 2406 Gretter Pl, Alexandria, VA, 22311 in Alexandria is a conservative rental investment at $899,000. Rental yield 6.61%. A 1.23 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $248,377; $8,280/yr in principal paydown supplements. Total projected return: $313,160.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 4.5% |
| Monthly Cash Flow | $(419) | $1,850 |
City averages based on Alexandria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,955 |
| Total Monthly Debt Service | $5,016 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1999
2,376 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22311, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,409 (100%) |
| Owner Occupied HU | 2,323 (22.3%) |
| Renter Occupied HU | 7,275 (69.9%) |
| Vacant Housing Units | 811 ( 7.8%) |
| Median Home Value | $544,355 |
| Average Home Value | $580,780 |
Housing Distribution
Address Breakdown
Residential
9,862
Single Family
2,152
Multi-Family
7,710
Businesses
178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Townhouse
Built in 1999
2,376 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22311, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,409 (100%) |
| Owner Occupied HU | 2,323 (22.3%) |
| Renter Occupied HU | 7,275 (69.9%) |
| Vacant Housing Units | 811 ( 7.8%) |
| Median Home Value | $544,355 |
| Average Home Value | $580,780 |
Housing Distribution
Address Breakdown
Residential
9,862
Single Family
2,152
Multi-Family
7,710
Businesses
178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kia Sechrist • Samson Properties
Mls Name: Bright MLS
Mls ID: #VAAX2048950