491 N Latham StAlexandriaVA22304
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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
Rental property for sale in Alexandria at 491 N Latham St, Alexandria, VA, 22304 priced at $699,800 pairs $2,846/mo rent with after a $3,425/mo payment. Total monthly income equals $2,846/mo. Return on cash invested is 13.09% in year one, and rental yield stands at 4.88% on a $699,800 basis. Equity gained on principal adds $4,516/yr, and 5% annual appreciation accumulates to $193,342 by year five. Five-year ROI measures 65.96% and total cumulative return in cash reaches $151,873. For financing, Ziffy Mortgage’s DSCR program evaluates $2,846/mo property income against a $3,425/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1918
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22304, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,314 (100%) |
| Owner Occupied HU | 9,329 (38.4%) |
| Renter Occupied HU | 13,537 (55.7%) |
| Vacant Housing Units | 1,448 ( 6.0%) |
| Median Home Value | $544,734 |
| Average Home Value | $667,328 |
Housing Distribution
Address Breakdown
Residential
24,318
Single Family
7,798
Multi-Family
16,520
Businesses
1,185
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Listed by: Beth Ide • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #VAAX2051054