6101 Wigmore Ln UNIT E, Alexandria, VA, 22315 | $566/mo Cash Flow

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6101 Wigmore Ln UNIT E, Alexandria, VA, 22315 | $566/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 Alexandria at 6101 Wigmore Ln UNIT E, Alexandria, VA, 22315 uses $142,528 cash to close to unlock $6,795/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $3,136/mo, and a $2,104/mo payment keeps the spread at $566/mo. Purchase price stands at $429,950, and rental yield measures 8.75% with $3,136/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $118,787 over five years. Five-year ROI reaches 128.15% and total cumulative return in cash records $182,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,136/mo property income covering a $2,104/mo payment rather than investor’s personal income.

Condo

Built in 1994

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 6101 Wigmore Lane Unit E, a terrific bright & cheery Dover model in Alexandrias highly desirable Stratford Place at Kingstowne! This light-filled 2-bedroom, 2-bath corner unit offers views of trees from every window. There is fresh neutral paint and brand-new carpet throughout. It has an open floor plan with a spacious eat-in kitchen that features a stylish light fixture, tile floors, and lots of cabinet space. Elegant chair rail gives the charming dining room a classy feel. The inviting living room features a cozy gas fireplace with a slate surround and a detailed wood mantel, perfect for winter evenings. Step out to the private balcony and take in the pretty view of the lush treesa peaceful spot to enjoy a book or your morning coffee. The roomy owners suite has a ceiling fan, 2 double windows with gorgeous, treed views, and a big walk-in closet with added shelving for organization. The en-suite bath includes a glass-enclosed shower, deep soaking tub, and a dual-sink vanity below a large mirror and recessed lighting. The second bedroom also has a ceiling fan, a double window with a scenic view of parkland, and a spacious closet spanning the width of the wall. There is a washer and dryer in the unit for easy convenience and it comes with its own dedicated storage area in the basement. Updates include a new washer and dryer (2024), HVAC system and windows (2020), and a hot water heater (2019). Enjoy access to Kingstownes extensive amenities, including pools, fitness centers, community spaces, courts for basketball, tennis, and pickleball, playgrounds, and 12 miles of scenic walking trails. Ideally located near two Metro stations, vibrant town centers, and major commuter routes, this home truly has it all!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22315, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,535 (100%)
Owner Occupied HU	8,245 (71.5%)
Renter Occupied HU	2,855 (24.8%)
Vacant Housing Units	435 ( 3.8%)
Median Home Value	$715,514
Average Home Value	$779,188