515 N Washington St APT 304AlexandriaVA22314
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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
Investment Highlights
Rental property for sale in Alexandria at 515 N Washington St APT 304, Alexandria, VA, 22314 generates $2,732/mo in rent, after a $2,251/mo payment. Total monthly income is $2,732/mo. Return on cash invested sits at 19.77% in year one, and rental yield is 7.13% on a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 101.84% and total cumulative return in cash sums $155,293. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,732/mo property income rather than buyer’s personal income.
Condo
Built in 1790
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
23,746
Single Family
8,902
Multi-Family
14,844
Businesses
2,873
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Listed by: Philip Armstrong • Corcoran McEnearney
Mls Name: Bright MLS
Mls ID: #VAAX2047488