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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Herndon at 531 Florida Ave APT 204, Herndon, VA, 20170 offers a 11.69% rental yield on a $275,000 purchase with $2,680/mo rent. Total monthly income registers $2,680/mo, and a $1,346/mo payment leaves $1,036/mo available for distribution. Annual cash flow reaches $12,433/yr on $91,163 to close, and return on cash invested stands at 33.55% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 175.74% and total cumulative return in cash at $160,211. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,680/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 20170, Herndon, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,818 (100%) |
| Owner Occupied HU | 9,048 (65.5%) |
| Renter Occupied HU | 4,292 (31.1%) |
| Vacant Housing Units | 478 ( 3.5%) |
| Median Home Value | $710,258 |
| Average Home Value | $778,247 |
Residential
13,900
Single Family
11,146
Multi-Family
2,754
Businesses
1,291
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Sarah Reynolds • Keller Williams Realty
Mls Name: Bright MLS
Mls ID: #VAFX2263676
