2500 N Van Dorn St APT 1118, Alexandria, VA, 22302 | $263/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2500 N Van Dorn St APT 1118, Alexandria, VA, 22302 | $263/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Alexandria at 2500 N Van Dorn St APT 1118, Alexandria, VA, 22302 uses $53,869 cash to close to unlock $3,156/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,234/mo, and a $795/mo payment keeps the spread at $263/mo. Purchase price stands at $162,500, and rental yield measures 9.11% with $1,234/mo rent. Return on cash invested shows 25.77% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 133.96% and total cumulative return in cash records $72,162. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,234/mo property income covering a $795/mo payment rather than investor’s personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Looking for a comfy and convenient spot to call home? Welcome to Park Place -a charming high-rise in the West End of Alexandria that blends classic style with modern perks. This studio apartment has everything you need for easy living. Built in 1965 and well cared for, the space offers a warm, traditional vibe with all the essentials including a gas stove, fridge, dishwasher, and disposal to make cooking and cleanup a breeze. The building itself is packed with great amenities: hit the gym, take a dip in the outdoor pool, or relax knowing there's 24/7 security and a staffed front desk. Theres also a laundry room, a meeting room, and a bus stop right outside the building super handy for commuting or weekend exploring. Fort Ward Park is just across the street for when you want a breath of fresh air. One of the best parts? Your association fee covers A/C, heat, water, gas, and electricity no extra bills piling up! Youll also enjoy well-kept common areas, snow removal in the winter, and unassigned parking in a private lot, so guests can easily visit too. The friendly community vibe here makes it more than just an apartment it's a great place to settle in and feel at home. Ready to make it yours? Come check it out this cozy spot wont last long!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22302, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,009 (100%)
Owner Occupied HU	4,787 (47.8%)
Renter Occupied HU	4,577 (45.7%)
Vacant Housing Units	645 ( 6.4%)
Median Home Value	$752,417
Average Home Value	$795,715