624 15th St S UNIT 1, Arlington, VA, 22202 | $633/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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624 15th St S UNIT 1, Arlington, VA, 22202 | $633/mo Cash Flow | Ziffy

For Sale

Listed for sale 4 days ago

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

Rental property for sale in Arlington at 624 15th St S UNIT 1, Arlington, VA, 22202 generates $4,518/mo in rent and, after a $3,181/mo payment, leaves $633/mo in cash flow. Total monthly income is $4,518/mo, and annual cash flow is $7,594/yr on $213,850 invested. Return on cash invested sits at 23.61% in year one, and rental yield is 8.34% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 122.38% and total cumulative return in cash sums $261,710. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,518/mo property income rather than buyer’s personal income.

Townhouse

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

Step into effortless living with this beautifully refreshed 2-bed, 2.5-bath condo perfectly positioned between Pentagon City and Crystal City. Recently updated with brand-new carpet (2025) and thoughtful touch-ups throughout, the home feels crisp, current, and completely move-in readyno day-one projects required. The main level offers a bright, functional layout with a contemporary kitchen, generous storage and prep space, and a pass-through to the dining area for easy hosting. The open living and dining room centers around a cozy wood-burning fireplace and opens to two private outdoor patiosperfect for morning coffee, evening unwinding, or taking in cityscape sunsets. A convenient powder room rounds out the level. Upstairs, youll find two spacious bedroom suites, each with its own updated full bath and plenty of closet spaceideal for guests, roommates, or a true dual-suite setup. Additional perks include dedicated off-street parking, in-unit laundry, and access to a community pool and rooftop deck. All of this within minutes of two Metro stops, The Pentagon, DCA, Amazon HQ2, and endless dining, shopping, and entertainment options. VA approved and ready for its next owner!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22202, Arlington, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,023 (100%)
Owner Occupied HU	3,391 (16.9%)
Renter Occupied HU	14,315 (71.5%)
Vacant Housing Units	2,317 (11.6%)
Median Home Value	$951,064
Average Home Value	$1,033,433