565 Florida Ave APT 201, Herndon, VA, 20170 | $686/mo Cash Flow

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565 Florida Ave APT 201, Herndon, VA, 20170 | $686/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 Herndon at 565 Florida Ave APT 201, Herndon, VA, 20170 uses $111,019 cash to close to unlock $8,234/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $2,688/mo, and a $1,639/mo payment keeps the spread at $686/mo. Purchase price stands at $334,900, and rental yield measures 9.63% with $2,688/mo rent. Return on cash invested shows 27.33% in year one, and 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 142.37% and total cumulative return in cash records $158,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,688/mo property income covering a $1,639/mo payment rather than investor’s personal income.

Condo

Built in 1977

N/A lot

$N/A/sqft

No HOA

More details about the property

Excellent Move-in-ready! Rarely available corner unit on top floor with large balcony! Fully renovated! New custom sliding door, new windows. The spacious kitchen features new appliances, lovely white cabinetry, quartz countertops, stylish backsplash, ceiling light w/fan, recessed lights, breakfast bar, two large new windows & table space. Master bedroom has two large new windows, walk-in closet and ensuite full bathroom. The second bedroom has a closet and tastefully updated full bathrooms in the hallway. Freshly painted walls, LVT plank flooring throughout, vertical blinds and cordless window blinds.. There is a separate laundry/storage room with full size washer & dryer, refrigerator and new water heater. New electric panel, new water heater, on-demand heater/AC unit, utility room off kitchen has additional area for storage. Unit comes with 1 reserved designated parking space in front of building and plenty of visitor parking close by (2 Visitor Tags will be provided for overnight guests). FIOS connection available in unit. Water, sewer, trash, common area landscaping, snow removal, daily building stairways maintenance, and community swimming pool is included in the rent. Super convenient location! Close enough to walk to Jimmy's Old Towne Tavern, Aslin Brewery & Izzi (Coffee, Bakery, Pizza), the W&OD trail, Green Lizard Cycling, Bruin Park, Herndon Historical Society, Chandon Park, and more. Bus and metro conveniently available and a short drive to Worldgate Centre, Reston Town Center, the toll road, and Dulles International Airport.

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