5837 Cove Landing Rd SUITE 101, Burke, VA, 22015 | $586/mo Cash Flow

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5837 Cove Landing Rd SUITE 101, Burke, VA, 22015 | $586/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 Burke at 5837 Cove Landing Rd SUITE 101, Burke, VA, 22015 uses $137,573 cash to close to unlock $7,037/yr annual cash flow and $586/mo monthly cash flow. Total monthly income runs $3,067/mo, and a $2,031/mo payment keeps the spread at $586/mo. Purchase price stands at $415,000, and rental yield measures 8.87% with $3,067/mo rent. Return on cash invested shows 25.02% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 129.99% and total cumulative return in cash records $178,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,067/mo property income covering a $2,031/mo payment rather than investor’s personal income.

Condo

Built in 1982

N/A lot

$N/A/sqft

No HOA

More details about the property

Serenity is Yours, in Sought-After Burke Cove! This spacious 1,226 sq ft 2BR/2BA condo offers an open floor plan, modern updates and storage galore. Recent upgrades include a 5-year-old HVAC with a brand new thermostat. Quality LVP flooring has been installed throughout. Replacement double-hung windows have reduced the summertime cooling bill to just $75-80/month. The replaced sliding glass door is tinted to reduce glare and offers tinted screens, as well. Enjoy western exposure on your patio as the afternoon sun shimmers through the abundance of trees. The sunken living room is perfect for relaxing or entertaining. The adjoining dining area boasts a sparkling new chandelier and a granite pass-through window to the kitchen. The large eat-in kitchen has been completely renovated including cabinets, granite counters and backsplash. Enjoy the convenience of an in-unit laundry room, adjoined by a large in-unit storage room. The foyer includes a full size coat closet. The primary suite features a large walk-in closet and an ensuite bath, along with 2 built-in storage closets providing ample space for linens. An extra clothing closet is included as well for clothing. The second bedroom or home office is served by a hall bath. Qtrly dues for Burke Center Conservancy provide amenities including pools, party rooms, tennis courts, walking trails to Lake Barton, and more, while monthly Burke Cove Condo Association dues cover exterior maintenance, water, trash, snow removal and road maintenance. One assigned parking space per unit along with parking for visitors - Rare Indeed! Close to shopping, dining, schools, and major commuter routes, yet off the beaten path for peace and quiet!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22015, Burke, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,726 (100%)
Owner Occupied HU	12,170 (82.6%)
Renter Occupied HU	2,131 (14.5%)
Vacant Housing Units	425 ( 2.9%)
Median Home Value	$725,573
Average Home Value	$752,956