434 N Armistead St APT 304, Alexandria, VA, 22312 | $720/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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434 N Armistead St APT 304, Alexandria, VA, 22312 | $720/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 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

More details about the property

CHARMING , RENOVATED TOP-FLOOR CONDO in PRIME LOCATION! This beautifully updated condo features BRAND NEW FLOORING, SLEEK NEW APPLIANCES and FRESH PAINT throughout, creating a clean and modern feel. Located on the TOP LEVEL, enjoy added privacy and natural light. Perfectly situated near major highways, public transportation, Metro Subway, The Airport, and Bus lines to Downtown DC, Old Town Alexandria commuting is a breeze! Just minutes from popular restaurants, grocery stores, and shopping centers, hospitals and more, this move-in-ready gem offers both comfort and convenience. Dont miss this ideal opportunity to own in a vibrant, accessible neighborhood!

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