545 Florida Ave APT 102HerndonVA20170
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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
Investment property for sale in Herndon at 545 Florida Ave APT 102, Herndon, VA, 20170 uses $81,218 cash to close to unlock $9,331/yr annual cash flow and $778/mo monthly cash flow. Total monthly income runs $2,242/mo, and a $1,199/mo payment keeps the spread at $778/mo. Purchase price stands at $245,000, and rental yield measures 10.98% with $2,242/mo rent. Return on cash invested shows 31.4% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 164.2% and total cumulative return in cash records $133,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,242/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 20170, Herndon, VA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,900
Single Family
11,146
Multi-Family
2,754
Businesses
1,291
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