527 N Armistead St APT T3, Alexandria, VA, 22312 | $371/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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527 N Armistead St APT T3, Alexandria, VA, 22312 | $371/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 527 N Armistead St APT T3, Alexandria, VA, 22312 uses $62,985 cash to close to unlock $4,454/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $930/mo payment keeps the spread at $371/mo. Purchase price stands at $190,000, and rental yield measures 9.52% with $1,507/mo rent. Return on cash invested shows 26.98% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 140.55% and total cumulative return in cash records $88,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $930/mo payment rather than investor’s personal income.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Remarkable value in this ground floor unit with 1 bedroom and 1 bath. This unit has been carefully refreshed with luxury vinyl flooring and new carpeting. The entire unit has been painted and is available for immediate occupancy. Large windows, and an open layout make this unit exceptionally bright and spacious. Kitchen counters have been replaced and the wood cabinets have been re-stained and look like new. The combined living room and dining room are ideal for entertaining. The single bedroom feels like a large primary bedroom , adjacent to an upgraded bathroom. A sliding glass door opens to a pleasant patio. A unique feature of this condo is a back door which is great for people with pets to access a common grassy area. Great for children as well. Amenities include an outdoor pool, a tot lot, 1 reserved parking place and lots of guest parking as well as storage. There is a bus stop in front and close access to 395, Pentagon, Metro and more. This is the perfect time to enter the Real Estate market for yourself or for investment. Immediately available and easy to show.

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