2708 Central Ave, Alexandria, VA, 22302 | 5.75% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2708 Central Ave, Alexandria, VA, 22302 | 5.75% Rental Yield | 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

Rental property for sale in Alexandria at 2708 Central Ave, Alexandria, VA, 22302 generates $4,213/mo in rent, after a $4,300/mo payment. Total monthly income is $4,213/mo. Return on cash invested sits at 15.75% in year one, and rental yield is 5.75% on a $878,500 entry. Equity gained on principal adds $5,669/yr, while 5% annual appreciation builds toward $242,713 over five years. Five-year ROI reaches 80.22% and total cumulative return in cash sums $231,857. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,213/mo property income rather than buyer’s personal income.

Single Family

Built in 1948

6,194 sqft lot

$N/A/sqft

No HOA

More details about the property

OPEN HOUSE: Sun 11/2 from 1-3pm. Incredible value in coveted Braddock Heights! Located on a verdant corner lot, this classic 1948 home blends historic details with modern updates. The inviting front porch greets guests and welcomes you home. Inside, original hardwood floors flow throughout the main living rooms of the house, and a wood-burning fireplace creates a cozy atmosphere. The updated galley kitchen offers loads of storage, and there is a convenient full bath and laundry room on the main level. Upstairs two generously sized bedrooms are complemented by a newly renovated bathroom with classic black penny tile and white subway tile. The basement offers lots of flexibility and can be finished for a family room or third bedroom with the option of a third bath. It also includes an egress door to the large back deck and fully fenced yard. A Generac home generator conveys as well! (More photos coming Friday 10/31 in the afternoon.) The ideal location in Braddock Heights means you have easy access to favorite neighborhood dining spots like St. Elmo's Coffee Pub, Great Harvest Bread Company, Pizzaiolo's, Ramparts Tavern & Grill, and the Fairlington Farmers Market on Sundays, and so much more. Want more shopping and dining options? Del Ray, Shirlington and Old Town Alexandria are just minutes away! Plus the close proximity to I-395 makes commuting a breeze. Come discover your new home in Braddock Heights!

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