517 N Armistead St APT 303AlexandriaVA22312
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 517 N Armistead St APT 303, Alexandria, VA, 22312 in Alexandria at $319,999 earns $2,866/mo in rent and nets $43/mo after the $1,439/mo payment, a 10.75% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $88,410 over five years. Ziffy Mortgage underwrites this on a 1.99 DSCR without U.S. credit history. With $2,947/yr in principal paydown, total projected return reaches $182,407.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 4.5% |
| Monthly Cash Flow | $43 | $1,850 |
City averages based on Alexandria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,866 |
| Total Monthly Debt Service | $1,786 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,837
Single Family
6,511
Multi-Family
5,326
Businesses
889
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,837
Single Family
6,511
Multi-Family
5,326
Businesses
889
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ash Morsi • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #VAAX2052960