3055 Patrick Henry Dr APT 101, Falls Church, VA, 22044 | $754/mo Cash Flow

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3055 Patrick Henry Dr APT 101, Falls Church, VA, 22044 | $754/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 3055 Patrick Henry Dr APT 101, Falls Church, VA, 22044 earns $754/mo cash flow from $1,937/mo rent with a $969/mo payment. Total monthly income totals $1,937/mo, and annual cash flow totals $9,042/yr on $65,637 capital. ROI tracks 33.68% on current figures, and rental yield reads 11.74% at a $198,000 purchase. Equity gained on principal adds $1,278/yr, and 5% annual appreciation supports $54,704 over five years. Five-year ROI reaches 176.49% and total cumulative return in cash sums $115,840. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,937/mo property income instead of your personal income.

Condo

Built in 1952

N/A lot

$N/A/sqft

No HOA

More details about the property

Just Move In! Welcome to this beautifully updated, turnkey one bedroom, one bath garden style condo in the conveniently located Hollybrooke Condominiums of Falls Church. Perched just half a flight up from the front door of the building, this cheerful and sun-filled, first floor unit offers a bright and welcoming living space ready for you to enjoy from day one. Step into a spacious living and dining area featuring a large picture window, stunning new luxury vinyl plank flooring, and fresh paint throughout. The remodeled, windowed kitchen boasts crisp white cabinetry and stylish countertopsperfect for both everyday living and entertaining. The updated ceramic tile bath includes soaking tub with a shower, and the comfortable bedroom offers two closets for ample storage. Additional community amenities include a playground, generous leafy green community open spaces and ample parking. This low maintenance home is located in a vibrant, commuter-friendly neighborhood with an abundance of nearby public transportation options. Commuting is easy with a Metrobus stop just up the street, and the East Falls Church Metro station just over two miles from your front door. Quick access to Route 50, I-66, Seven Corners, Baileys Crossroads, Tysons Corner, Arlington, Old Town Alexandria, and Washington, D.C. ensure that you're never far from where you need to be. Additionally, a variety of shopping, dining, fitness clubs, grocery and entertainment options are all within several blocks, making this condo an excellent choice for those seeking a car-free diet.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22044, Falls Church, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,217 (100%)
Owner Occupied HU	2,087 (40.0%)
Renter Occupied HU	2,831 (54.3%)
Vacant Housing Units	299 ( 5.7%)
Median Home Value	$874,545
Average Home Value	$935,915