502 W Broad St APT 215, Falls Church, VA, 22046 | 5.59% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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502 W Broad St APT 215, Falls Church, VA, 22046 | 5.59% Rental Yield | 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 Falls Church at 502 W Broad St APT 215, Falls Church, VA, 22046 offers a 5.59% rental yield on a $915,000 purchase with $4,262/mo rent. 25% in year one. Equity gained on principal adds $5,904/yr while 5% annual appreciation supports $252,798 over five years. Portfolio math shows five-year ROI at 77.53% and total cumulative return in cash at $233,393. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,262/mo property income against a $4,478/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2004

N/A lot

$N/A/sqft

No HOA

More details about the property

The one you've been waiting for! OVER $175K in renovations & updates! Discover this beautifully renovated condo situated in the vibrant heart of Falls Church City, offering convenience and modern updates in a sought-after location. This unit beams with natural light and has been fully renovated from top to bottom earlier this year and features brand-new hardwood floors that create a warm and inviting atmosphere. The kitchen has been upgraded with elegant quartzite countertops, all new appliances, custom fixtures, complemented by painted cabinets with fresh hardware, providing both style and functionality. Modern lighting fixtures enhance the space, making it bright and welcoming. All THREE bathrooms have been thoughtfully redesigned with Kohl plumbing fixtures, a Kohler bathtub, and custom shower doors, creating a relaxing retreat. All new doors throughout the unit add a fresh, cohesive feel. Practical updates include a new washer and dryer, refrigerator, stove, microwave, and dishwasher, ensuring ease of living. The private balcony is perfect for relaxing or letting your plants thrive! Two parking spaces are included, adding convenience for residents and visitors. Enjoy the convenience of secure parking, a fitness center, and easy access to shops, restaurants, parks, and commuter routes all just steps from your door. Dont miss this opportunity to live in one of Falls Churchs most desirable locations schedule your private showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22046, Falls Church, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,047 (100%)
Owner Occupied HU	4,832 (60.0%)
Renter Occupied HU	2,686 (33.4%)
Vacant Housing Units	529 ( 6.6%)
Median Home Value	$1,064,820
Average Home Value	$1,122,574