608 E Alexandria AveAlexandriaVA22301
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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
Rental property for sale in Alexandria at 608 E Alexandria Ave, Alexandria, VA, 22301 priced at $1,239,000 converts $5,991/mo rent into after a $6,064/mo obligation. Total monthly income equals $5,991/mo. Return on cash invested prints 16.14% in year one, and rental yield reads 5.8% against a $1,239,000 entry. Equity gained on principal adds $7,995/yr, while 5% annual appreciation compiles into $342,313 by year five. Five-year ROI reaches 82.24% and total cumulative return in cash sums $330,160. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,991/mo property income covering a $6,064/mo payment, not borrower’s personal income.
Townhouse
Built in 2015
1,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22301, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,685 (100%) |
| Owner Occupied HU | 4,090 (53.2%) |
| Renter Occupied HU | 2,740 (35.7%) |
| Vacant Housing Units | 855 (11.1%) |
| Median Home Value | $1,016,075 |
| Average Home Value | $1,118,677 |
Housing Distribution
Address Breakdown
Residential
6,777
Single Family
4,622
Multi-Family
2,155
Businesses
304
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Listed by: PHILIP DICKSON • TTR Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #VAAX2052974