5849 Colfax AveAlexandriaVA22311
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 5849 Colfax Ave, Alexandria, VA, 22311 in Alexandria: $6,661/mo in rent, $818/mo in net income, 8.77% gross yield, 1.63 DSCR, all at $911,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $251,693 in appreciation and $8,390/yr in principal paydown projects total cumulative return of $398,977.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 4.5% |
| Monthly Cash Flow | $818 | $1,850 |
City averages based on Alexandria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,661 |
| Total Monthly Debt Service | $5,481 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1983
8,794 sqft lot
$N/A/sqft
$12 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22311, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,409 (100%) |
| Owner Occupied HU | 2,323 (22.3%) |
| Renter Occupied HU | 7,275 (69.9%) |
| Vacant Housing Units | 811 ( 7.8%) |
| Median Home Value | $544,355 |
| Average Home Value | $580,780 |
Housing Distribution
Address Breakdown
Residential
9,862
Single Family
2,152
Multi-Family
7,710
Businesses
178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1983
8,794 sqft lot
$N/A/sqft
$12 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22311, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,409 (100%) |
| Owner Occupied HU | 2,323 (22.3%) |
| Renter Occupied HU | 7,275 (69.9%) |
| Vacant Housing Units | 811 ( 7.8%) |
| Median Home Value | $544,355 |
| Average Home Value | $580,780 |
Housing Distribution
Address Breakdown
Residential
9,862
Single Family
2,152
Multi-Family
7,710
Businesses
178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A