5902 Cove Landing Rd APT 202, Burke, VA, 22015 | $332/mo Cash Flow

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5902 Cove Landing Rd APT 202, Burke, VA, 22015 | $332/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 5902 Cove Landing Rd APT 202, Burke, VA, 22015 earns $332/mo cash flow from $2,693/mo rent with a $1,933/mo payment. Total monthly income totals $2,693/mo, and annual cash flow totals $3,986/yr on $130,905 capital. ROI tracks 22.95% on current figures, and rental yield reads 8.18% at a $394,888 purchase. Equity gained on principal adds $2,548/yr, and 5% annual appreciation supports $109,100 over five years. Five-year ROI reaches 118.92% and total cumulative return in cash sums $155,671. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,693/mo property income instead of your personal income.

Condo

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

*Open Houses: 1-3 PM Saturday, November 6 | 1-3 PM Sunday, November 7.* Beautifully updated, street-level home that offers contemporary living with exceptional privacy. This residence features easy access (no stairs from the parking lot to the front door) and includes serene views, as the home is perfectly situated by Lake Barton.The heart of this home is its nicely open kitchen, which has been meticulously renewed with refreshed cabinets, gleaming granite countertops, and brand-new flooring. Culinary enthusiasts will appreciate the all-new appliances, including a state-of-the-art two-door refrigerator with an ice maker and convenient bottom freezer.The spacious layout includes two well-appointed bedrooms plus a dedicated den, offering flexible space for a home office, guest room, or creative studio. Both bathrooms have been significantly upgraded with new flooring, stylish vanities, modern lighting and mirrors. The master bath also features a completely renovated walk-in tile shower. Enjoy the convenience of an in-unit washer and dryer (2023), making daily chores a breeze. Additional updates enhance comfort and efficiency, including new windows and sliding glass doors (2025), carpeting (2025), professional HVAC and duct cleaning (2025), energy-efficient recessed lighting (2025), and fresh neutral paint in every room (2025). Additional secured storage on the lower level. Residents benefit from reserved parking and ample guest parking, ensuring convenience for you and your visitors. With its prime location within Burke Centre and next to the lake, this unit offers not just a home, but a lifestyle.

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