487 N Armistead St APT 101, Alexandria, VA, 22312 | $198/mo Cash Flow

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487 N Armistead St APT 101, Alexandria, VA, 22312 | $198/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 487 N Armistead St APT 101, Alexandria, VA, 22312 listed at $215,000 pairs $1,483/mo rent with a $1,052/mo payment to leave $198/mo cash flow. Total monthly income runs $1,483/mo, and annual cash flow reaches $2,377/yr on $71,273 cash to close. Return on cash invested measures 23.24% in year one, and rental yield registers 8.28% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 120.52% and total cumulative return in cash totals $85,897. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,483/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Move right into this beautifully remodeled Alexandria condo offering modern updates, great amenities, and unbeatable convenience. Enjoy a bright and spacious layout featuring new flooring throughout, fresh paint, and abundant natural light from large windows. The terrace off the living room provides a perfect spot for morning coffee or evening relaxation. The gorgeous kitchen shines with brand-new cabinets and drawers, high-end countertops, chic tiled backsplash, and stainless steel appliancesincluding a refrigerator, dishwasher, built-in microwave, and oven. The separate dining area flows into a generous living room with updated lighting and a ceiling fan, creating a warm, welcoming space. The bedroom offers comfort and style, complete with an impressive walk-in closet. The updated bathroom features a new vanity and lighting for a fresh, contemporary feel. This condo includes all utilities (gas, electric, water) and comes with one assigned parking space plus an additional guest spot for visitors. Community amenities include a swimming pool and laundry facilities for added convenience. Perfectly located near top shopping, dining, and recreationjust minutes from Landmark Mall, Pentagon City, Costco, Target, Giant, and Harris Teeter. Enjoy local favorites like Clydes, The Carlyle, and Aslin Beer Company, or head outdoors along the scenic W&OD Trail. With easy access to Old Town Alexandria, Del Ray, Reagan National Airport, I-395, and I-495, this condo offers the best of comfort and connectivity. Schedule your tour todaythis move-in ready home has it all!

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