5108 Donovan Dr APT 303, Alexandria, VA, 22304 | $238/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5108 Donovan Dr APT 303, Alexandria, VA, 22304 | $238/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 Alexandria at 5108 Donovan Dr APT 303, Alexandria, VA, 22304 listed at $549,000 pairs $3,520/mo rent with a $2,687/mo payment to leave $238/mo cash flow. Total monthly income runs $3,520/mo, and annual cash flow reaches $2,859/yr on $180,621 cash to close. Return on cash invested measures 21.64% in year one, and rental yield registers 7.69% at a $549,000 basis. Equity gained on principal adds $3,543/yr, and annual property appreciation at 5% supports $151,679 by year five. Five-year ROI tracks 111.85% and total cumulative return in cash totals $202,016. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,520/mo property income relative to a $2,687/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2001

N/A lot

$N/A/sqft

No HOA

More details about the property

This beautifully maintained corner unit in the sought-after Carlton Place Condominium offers 1,307 square feet of bright and comfortable living space. The popular Willard model features two bedrooms and two full baths, with a superb location facing the front of the building and offering peaceful views of trees and a charming pocket park. With an abundance of windows, the home is filled with natural light throughout the day. Inside, the living and dining areas showcase elegant hardwood floors, while the bedrooms are carpeted for comfort. Plantation shutters throughout the unit, along with a honeycomb shade on the balcony door, add both style and function. The spacious kitchen includes Corian countertops, plenty of cabinet space, Kenmore refrigerator was replaced in 2013, dishwasher 2014, washer and dryer were upgraded to GE Profile units in 2022. The HVAC system was replaced in 2016, and the gas water heater was updated in 2009. This home comes with one reserved underground garage parking space (#10) and a storage unit, offering added convenience. Theres ample closet space throughout, and the condo fee includes water and sewer. Enjoy a quiet moment on the cozy balcony, ideal for watching the sunrise with a morning coffee. Lovingly cared for by the original owner, this bright and inviting home is move-in ready and ideally located within the vibrant Cameron Station community.

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