2632 Wagon Dr APT 1C, Alexandria, VA, 22303 | $292/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2632 Wagon Dr APT 1C, Alexandria, VA, 22303 | $292/mo Cash Flow | Ziffy

For Sale

Listed for sale 7 days ago

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 2632 Wagon Dr APT 1C, Alexandria, VA, 22303 offers a 9.02% rental yield on a $189,900 purchase with $1,427/mo rent. Total monthly income registers $1,427/mo, and a $929/mo payment leaves $292/mo available for distribution. Annual cash flow reaches $3,507/yr on $62,952 to close, and return on cash invested stands at 25.48% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 132.51% and total cumulative return in cash at $83,417. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,427/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious 2 Bedroom 1 Bath Condo in the heart of Alexandria! Entering this amazing condo you are welcomed by fresh paint walls and stunning hardwood flooring found throughout the unit. The living room welcomes you in with its grand space & access to the private balcony. The living room then leads to the dining room featuring light fixture. The kitchen is next, boasting stainless steel appliances, ample cabinet space, granite countertops & ceramic tile. The bedrooms follow each with generous closet space & ample natural light. Enjoy the convenience of being on the second floor as well as being located minutes from the Metro & 495! Available Now!

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