401 N Armistead St APT 504AlexandriaVA22312
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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
Investment property for sale in Alexandria at 401 N Armistead St APT 504, Alexandria, VA, 22312 uses $85,859 cash to close to unlock $10,733/yr annual cash flow and $894/mo monthly cash flow. Total monthly income runs $2,443/mo, and a $1,268/mo payment keeps the spread at $894/mo. Purchase price stands at $259,000, and rental yield measures 11.32% with $2,443/mo rent. Return on cash invested shows 32.41% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 169.64% and total cumulative return in cash records $145,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,443/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22312, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,596 (100%) |
| Owner Occupied HU | 5,947 (51.3%) |
| Renter Occupied HU | 5,120 (44.2%) |
| Vacant Housing Units | 529 ( 4.6%) |
| Median Home Value | $680,650 |
| Average Home Value | $777,590 |
Housing Distribution
Address Breakdown
Residential
11,837
Single Family
6,511
Multi-Family
5,326
Businesses
889
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Listed by: Desiree Gribschaw • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #VAAX2053262