2909 Charing Cross Rd APT 6, Falls Church, VA, 22042 | $326/mo Cash Flow

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2909 Charing Cross Rd APT 6, Falls Church, VA, 22042 | $326/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 Falls Church at 2909 Charing Cross Rd APT 6, Falls Church, VA, 22042 offers a 9.13% rental yield on a $199,900 purchase with $1,521/mo rent. Total monthly income registers $1,521/mo, and a $978/mo payment leaves $326/mo available for distribution. Annual cash flow reaches $3,917/yr on $66,267 to close, and return on cash invested stands at 25.82% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 134.28% and total cumulative return in cash at $88,981. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,521/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1966

N/A lot

$N/A/sqft

No HOA

More details about the property

Super 1BR/1BA condo in a prime location: close to Rt. 29, I-495 & I-66, just 1 mile to Dunn Loring Metro, and walking distance to shops and restaurants in Merrifield. A few minutes drive to Tysons Corner. Renovated bathroom and kitchen, with hardwood floors throughout. Condo fee includes all utilities. Great opportunity to own instead of rent, or ideal for investment. Note: Beginning September 1, 2025, there will be a monthly assessment of $168 (total $14,821) through 2032. Schedule on line. Open Sun (11/23) 1-3 PM

Neighborhood Data

Neighborhood data shown for ZIP Code: 22042, Falls Church, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,749 (100%)
Owner Occupied HU	7,489 (58.7%)
Renter Occupied HU	4,681 (36.7%)
Vacant Housing Units	579 ( 4.5%)
Median Home Value	$756,763
Average Home Value	$797,288