501 Slaters Ln APT 108, Alexandria, VA, 22314 | $963/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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501 Slaters Ln APT 108, Alexandria, VA, 22314 | $963/mo Cash Flow | Ziffy

For Sale

Currently Rented

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

Rental property for sale in Alexandria at 501 Slaters Ln APT 108, Alexandria, VA, 22314 generates $3,772/mo in rent and, after a $2,300/mo payment, leaves $963/mo in cash flow. Total monthly income is $3,772/mo, and annual cash flow is $11,554/yr on $155,805 invested. Return on cash invested sits at 27.32% in year one, and rental yield is 9.63% on a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 142.32% and total cumulative return in cash sums $221,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,772/mo property income rather than buyer’s personal income.

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Marina Towers, one of Old Town Alexandrias most sought-after waterfront communities. This well-maintained 2-bedroom, 2-bath condo combines modern elegance, comfort, and convenience in an unbeatable location. The home features hardwood flooring throughout and an updated kitchen with white cabinetry, a custom tile backsplash, and newer stainless-steel appliances. The open-concept living and dining areas are filled with natural light and offer two sliding glass doors with custom wood shutters that open to a private balconyperfect for morning coffee or evening relaxation. The spacious primary suite includes a walk-in closet, an en-suite full bathroom, and seasonal views of the Potomac River. The second bedroom provides flexibility for guests, a home office, or additional living space. Marina Towers offers resort-style amenities, including a riverside pool with tiki bar, outdoor grilling stations, dog park, community garden, fitness center, library, sauna, on-site convenience store, and a community room. The building is professionally managed and features a front desk concierge, maintenance team, and an active social committee that hosts regular community events. The recently renovated lobby showcases elegant white marble flooring and stunning views of the river and pool, creating a warm and luxurious welcome. This pet-friendly and smoke-free community welcomes dogs & cats under 25 lbs. (up to two). Enjoy easy access to the outdoors directly from this unit, as well as direct entry to the Mount Vernon Bike Trail. Open parking is conveniently located close to the unit. Exciting long-term plans for the nearby former power plant site include a mixed-use waterfront destination featuring a park-like setting, restaurants, retail, and luxury residences, which will provide even more amenities to enjoy at this exceptional waterfront community. Experience the best of Old Town living with a short walk to restaurants, shopping, and all the charm of historic Alexandria. Enjoy an easy commute to The District, The Pentagon, the I-495 Beltway, Braddock Metro, and Reagan National Airport. 3D Virtual Tour and Floorplans Available!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22314, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,331 (100%)
Owner Occupied HU	9,049 (37.2%)
Renter Occupied HU	12,678 (52.1%)
Vacant Housing Units	2,604 (10.7%)
Median Home Value	$961,850
Average Home Value	$1,048,390