511 N Armistead St APT 303, Alexandria, VA, 22312 | $1,002/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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511 N Armistead St APT 303, Alexandria, VA, 22312 | $1,002/mo Cash Flow | Ziffy

For Sale

Listed for sale 5 days ago

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 511 N Armistead St APT 303, Alexandria, VA, 22312 earns $1,002/mo cash flow from $3,040/mo rent with a $1,669/mo payment. Total monthly income totals $3,040/mo, and annual cash flow totals $12,020/yr on $113,008 capital. ROI tracks 30.55% on current figures, and rental yield reads 10.7% at a $340,900 purchase. Equity gained on principal adds $2,200/yr, and 5% annual appreciation supports $94,184 over five years. Five-year ROI reaches 159.61% and total cumulative return in cash sums $180,373. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,040/mo property income instead of your personal income.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Increible Spacious 3-bedroom, 2-bathroom condo. Open Floor plan, Great View from the Balcony, assigned parking, community pool, community laundry and a lot playgrounds. Excellent location to I-395, the van dorn metro station, nearby shopping centers, dining and parks. Master bedroon has a private full bath and two spacious walking closets. Bedrooms has spacious walking closet. AC machine has been replaced a year ago. Great opportunity to own a 3 bed, 2 bath condo.

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