602 N Alfred StAlexandriaVA22314
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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
Investment property for sale in Alexandria at 602 N Alfred St, Alexandria, VA, 22314 with 5% annual appreciation on a $765,000 basis while $4,291/mo rent supports operations. 72% in year one. Equity gained on principal adds $4,936/yr, and five-year appreciation sums $211,355 alongside rental yield of 6.73%. Five-year ROI measures 96.15% and total cumulative return in cash totals $241,991. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,291/mo property income versus a $3,744/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1918
1,380 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22314, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,331 (100%) |
| Owner Occupied HU | 9,049 (37.2%) |
| Renter Occupied HU | 12,678 (52.1%) |
| Vacant Housing Units | 2,604 (10.7%) |
| Median Home Value | $961,850 |
| Average Home Value | $1,048,390 |
Housing Distribution
Address Breakdown
Residential
23,746
Single Family
8,902
Multi-Family
14,844
Businesses
2,873
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Listed by: Jennifer Halm • Compass
Mls Name: Bright MLS
Mls ID: #VAAX2053760