5500 Holmes Run Pkwy APT 703AlexandriaVA22304
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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
Rental property for sale in Alexandria at 5500 Holmes Run Pkwy APT 703, Alexandria, VA, 22304 generates $1,970/mo in rent and, after a $1,248/mo payment, leaves $446/mo in cash flow. Total monthly income is $1,970/mo, and annual cash flow is $5,349/yr on $84,533 invested. Return on cash invested sits at 26.24% in year one, and rental yield is 9.27% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 136.5% and total cumulative return in cash sums $115,388. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,970/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
24,318
Single Family
7,798
Multi-Family
16,520
Businesses
1,185
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Listed by: Sue Rasoul • Redfin Corporation
Mls Name: Bright MLS
Mls ID: #VAAX2053588