434 N Armistead St APT 304AlexandriaVA22312
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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 434 N Armistead St APT 304, Alexandria, VA, 22312 uses $77,903 cash to close to unlock $8,645/yr annual cash flow and $720/mo monthly cash flow. Total monthly income runs $2,125/mo, and a $1,150/mo payment keeps the spread at $720/mo. Purchase price stands at $235,000, and rental yield measures 10.85% with $2,125/mo rent. Return on cash invested shows 31.01% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 162.09% and total cumulative return in cash records $126,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,125/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1965
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: Pia Reyes • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #VAAX2047824