493 N Armistead StAlexandriaVA22312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 493 N Armistead St, Alexandria, VA, 22312 generates $2,477/mo in rent and, after a $1,581/mo payment, leaves $546/mo in cash flow. Total monthly income is $2,477/mo, and annual cash flow is $6,552/yr on $107,108 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 9.2% on a $323,100 entry. Equity gained on principal adds $2,085/yr, while 5% annual appreciation builds toward $89,267 over five years. Five-year ROI reaches 135.34% and total cumulative return in cash sums $144,964. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,477/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
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: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #VAAX2037718