505 Florida Ave APT T3, Herndon, VA, 20170 | $783/mo Cash Flow

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505 Florida Ave APT T3, Herndon, VA, 20170 | $783/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 Herndon at 505 Florida Ave APT T3, Herndon, VA, 20170 earns $783/mo cash flow from $2,636/mo rent with a $1,517/mo payment. Total monthly income totals $2,636/mo, and annual cash flow totals $9,398/yr on $102,765 capital. ROI tracks 29.05% on current figures, and rental yield reads 10.2% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 151.65% and total cumulative return in cash sums $155,839. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,636/mo property income instead of your personal income.

Condo

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this inviting, updated home located in the heart of Herndon. This charming garden-style home offers a spacious and functional layout with beautiful wood floors, recessed lighting, and modern touches throughout. The bathrooms have been refreshed, hardware has been updated, and a brand-new HVAC system ensures year-round comfort. The kitchen is well-appointed with lots of cabinet space and flows easily into a separate dining area, perfect for everyday meals or casual entertaining. The spacious living room flows out to the private patio space, allowing you to bring the outdoors in.A full-sized washer and dryer are conveniently located in-unit, adding to the ease of daily living. The spacious light filled living room flows out to the private patio space, allowing you to bring the outdoors in. Allow the oversized owner's suite with it's own private bathroom and walk-in closet become your private oasis. Enjoy the flexibility of a spacious second bedroom, paired with its own dedicated hall bathroom for added comfort and privacy. Enjoy unbeatable convenience with reserved parking and easy access to a bus stop just steps away, plus the Silver Line Metro only minutes from your door. You'll love being so close to shopping, dining, and everyday essentials, all within a short distance. The community offers beautifully landscaped grounds and a sparkling outdoor pool, perfect for relaxing or entertaining. For those who value lifestyle and leisure, Historic Downtown Herndon and the scenic W&OD Trail are just minutes away, making this home a standout for both commuters and lifestyle-focused buyers

Neighborhood Data

Neighborhood data shown for ZIP Code: 20170, Herndon, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,818 (100%)
Owner Occupied HU	9,048 (65.5%)
Renter Occupied HU	4,292 (31.1%)
Vacant Housing Units	478 ( 3.5%)
Median Home Value	$710,258
Average Home Value	$778,247