3 Canterbury Sq APT 402, Alexandria, VA, 22304 | $258/mo Cash Flow

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3 Canterbury Sq APT 402, Alexandria, VA, 22304 | $258/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 3 Canterbury Sq APT 402, Alexandria, VA, 22304 earns $258/mo cash flow from $1,543/mo rent with a $1,052/mo payment. Total monthly income totals $1,543/mo, and annual cash flow totals $3,097/yr on $71,273 capital. ROI tracks 24.25% on current figures, and rental yield reads 8.61% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 125.94% and total cumulative return in cash sums $89,761. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,543/mo property income instead of your personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautifully updated top-level 2nd-floor condo in Alexandria, with over 760 sq ft of comfort and convenience. Ideally located with easy access to major commuting routes, bus stops, and just minutes to Old Town Alexandria, this unit makes commuting to Washington, DC a breeze! Inside, youll find a brand new gorgeous kitchen with stainless appliances, new quartz countertops, new flooring, and new white cabinetry. The kitchen is flanked by a large dining area, a spacious living room and large closets that provide plenty of storage. The home features refinished parquet wood floors, a modernized bathroom, and a large one bedroom with large windows and closet. The large balcony is perfect for enjoying your favorite beverage and taking in the beautiful view of the trees. This home offers central HVAC and is great for year-round comfort. Additional highlights include a large storage unit in the basement, convenient on-site laundry in the lower level of the building, and a condo fee that covers ALL utilities for worry-free living. Set within a quiet, tree-lined community, residents enjoy direct access to Holmes Run and its scenic trails, perfect for walking, biking, or spending time outdoors. The pool is still open for your enjoyment! Parks and dog-friendly spaces are close by, while the Alexandria Library, local shops, grocery stores, and dining options are all within blocks of the community. The combination of natural beauty and everyday convenience makes this location truly stand out. Easy access to the Pentagon, Old Town Alexandria, Pentagon City, Amazon HQ2, and all that west Alexandria has to offer! Welcome home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22304, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,314 (100%)
Owner Occupied HU	9,329 (38.4%)
Renter Occupied HU	13,537 (55.7%)
Vacant Housing Units	1,448 ( 6.0%)
Median Home Value	$544,734
Average Home Value	$667,328