431 N Armistead St APT 211, Alexandria, VA, 22312 | $979/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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431 N Armistead St APT 211, Alexandria, VA, 22312 | $979/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 431 N Armistead St APT 211, Alexandria, VA, 22312 uses $81,218 cash to close to unlock $11,743/yr annual cash flow and $979/mo monthly cash flow. Total monthly income runs $2,443/mo, and a $1,199/mo payment keeps the spread at $979/mo. Purchase price stands at $245,000, and rental yield measures 11.97% with $2,443/mo rent. Return on cash invested shows 34.37% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 180.12% and total cumulative return in cash records $146,292. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,443/mo property income covering a $1,199/mo payment rather than investor’s personal income.

Condo

Built in 1963

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious 2-bedroom, 1-bath condo located in the City of Alexandria. This home offers convenient commuter access to major highways, the Van Dorn Metro Station, and nearby shopping, dining, and parks. The bright living area features large windows that fill the space with natural light and open to a private balcony. The kitchen is equipped with ample counter space, a gas range, built-in microwave, and dishwasher. Luxury vinyl plank flooring extends throughout the unit, creating a clean, modern look. Community amenities include a swimming pool, laundry facilities, elevator, and secure building access.

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