621 N Saint Asaph St UNIT 302AlexandriaVA22314
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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 621 N Saint Asaph St UNIT 302, Alexandria, VA, 22314 uses $222,075 cash to close to unlock $2,145/yr annual cash flow and $179/mo monthly cash flow. Total monthly income runs $4,214/mo, and a $3,304/mo payment keeps the spread at $179/mo. Purchase price stands at $675,000, and rental yield measures 7.49% with $4,214/mo rent. Return on cash invested shows 21.03% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 108.52% and total cumulative return in cash records $240,987. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,214/mo property income covering a $3,304/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A 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: Maryanne Moyers • Serhant
Mls Name: Bright MLS
Mls ID: #VAAX2047882