6047 Knights Ridge WayAlexandriaVA22310
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis is a cash-flow-light asset: 6047 Knights Ridge Way, Alexandria, VA, 22310 in Alexandria, $695,000, 7.59% gross yield, $163/mo net income. Consider it a market-entry position, the $4,397/mo rent covers the $3,125/mo payment with a margin, and 5%/yr appreciation is projected to add $192,016 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.41) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $278,548.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 4.5% |
| Monthly Cash Flow | $163 | $1,850 |
City averages based on Alexandria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,397 |
| Total Monthly Debt Service | $3,878 |
| DSCR Ratio | 1.13x |
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.
Townhouse
Built in 1986
2,730 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22310, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,649 (100%) |
| Owner Occupied HU | 8,175 (70.2%) |
| Renter Occupied HU | 3,006 (25.8%) |
| Vacant Housing Units | 468 ( 4.0%) |
| Median Home Value | $726,600 |
| Average Home Value | $802,287 |
Housing Distribution
Address Breakdown
Residential
11,011
Single Family
10,055
Multi-Family
956
Businesses
728
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
Townhouse
Built in 1986
2,730 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22310, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,649 (100%) |
| Owner Occupied HU | 8,175 (70.2%) |
| Renter Occupied HU | 3,006 (25.8%) |
| Vacant Housing Units | 468 ( 4.0%) |
| Median Home Value | $726,600 |
| Average Home Value | $802,287 |
Housing Distribution
Address Breakdown
Residential
11,011
Single Family
10,055
Multi-Family
956
Businesses
728
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jane Shell • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #VAFX2288992