5340 Holmes Run Pkwy UNIT 1215, Alexandria, VA, 22304 | $245/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5340 Holmes Run Pkwy UNIT 1215, Alexandria, VA, 22304 | $245/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

Rental property for sale in Alexandria at 5340 Holmes Run Pkwy UNIT 1215, Alexandria, VA, 22304 generates $1,740/mo in rent and, after a $1,224/mo payment, leaves $245/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $2,942/yr on $82,875 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 8.35% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 121.66% and total cumulative return in cash sums $100,822. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

12th-Floor End Unit with Balcony...A Rare Opportunity! Calling all renovators, investors, and buyers looking for a project! This spacious 2-bedroom, 2-bath corner unit sits high on the 12th floor and offers incredible views from both the living room and private balcony. This home needs significant work and is being sold strictly as is the perfect blank canvas for anyone ready to bring their vision to life. What Youll Love: Expansive floor plan Corner-unit Tons of natural light Stunning views Endless potential to renovate exactly how you want Building Amenities: Outdoor pool Fitness center Sauna Party room Pet-friendly (with size & breed restrictions) Condo Fee Covers: Electric, gas, water, trash, and all community amenities only pay for your internet. Prime Location: Near parks, shops, and restaurants Close to the Landmark Mall redevelopment Bus service right at your door 2 miles to Van Dorn Metro Minutes to Old Town, the Pentagon, Arlington, D.C., Tysons & Reagan National Airport. Now is your chance, before everyone wants to live near West End Alexandria, now already under construction, will feature a brand new INOVA Hospital, Retail, Dining, and Office Space! If you're looking for a project with huge potential in an unbeatable location, this is it.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22304, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,314 (100%)
Owner Occupied HU	9,329 (38.4%)
Renter Occupied HU	13,537 (55.7%)
Vacant Housing Units	1,448 ( 6.0%)
Median Home Value	$544,734
Average Home Value	$667,328