3232 S 28th St APT 204AlexandriaVA22302
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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
Investment Highlights
Rental property for sale in Alexandria at 3232 S 28th St APT 204, Alexandria, VA, 22302 generates $2,276/mo in rent and, after a $1,248/mo payment, leaves $249/mo in cash flow. Total monthly income is $2,276/mo, and annual cash flow is $2,993/yr on $84,533 invested. Return on cash invested sits at 23.45% in year one, and rental yield is 10.71% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 124.16% and total cumulative return in cash sums $104,960. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,276/mo property income rather than buyer’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,935
Single Family
4,979
Multi-Family
4,956
Businesses
444
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Listed by: Krissy Cruse • Pearson Smith Realty LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #VAAX2042838
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