2451 Midtown Ave APT 316AlexandriaVA22303
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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
Investment Highlights
Rental property for sale in Alexandria at 2451 Midtown Ave APT 316, Alexandria, VA, 22303 generates $2,888/mo in rent and, after a $2,080/mo payment, leaves $348/mo in cash flow. Total monthly income is $2,888/mo, and annual cash flow is $4,171/yr on $140,888 invested. Return on cash invested sits at 22.87% in year one, and rental yield is 8.15% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 118.45% and total cumulative return in cash sums $166,877. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,888/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22303, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,866 (100%) |
| Owner Occupied HU | 3,451 (38.9%) |
| Renter Occupied HU | 4,752 (53.6%) |
| Vacant Housing Units | 663 ( 7.5%) |
| Median Home Value | $671,682 |
| Average Home Value | $785,105 |
Housing Distribution
Address Breakdown
Residential
8,528
Single Family
3,234
Multi-Family
5,294
Businesses
279
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Listed by: Stephanie Wege • KW United
Mls Name: Bright MLS
Mls ID: #VAFX2260312