6300 Stevenson Ave APT 1224, Alexandria, VA, 22304 | $972/mo Cash Flow

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6300 Stevenson Ave APT 1224, Alexandria, VA, 22304 | $972/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 6300 Stevenson Ave APT 1224, Alexandria, VA, 22304 offers a 11.19% rental yield on a $290,000 purchase with $2,705/mo rent. Total monthly income registers $2,705/mo, and a $1,419/mo payment leaves $972/mo available for distribution. Annual cash flow reaches $11,662/yr on $96,135 to close, and return on cash invested stands at 32.04% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 167.62% and total cumulative return in cash at $161,140. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,705/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1980

N/A lot

$N/A/sqft

No HOA

More details about the property

***New IMPROVED price! Spectacular Top-Floor End Unit with Panoramic Views at The Sentinel of Landmark! Welcome home to this beautifully updated 2-bedroom, 2-bath condo offering breathtaking skyline views from every angle. This sun-drenched residence boasts an open floor plan with elegant hardwood flooring throughout. The spacious primary suite features an en-suite bath and dual closets, while the secondary bedroom provides flexibility for guests or a home office. The gourmet kitchen shines with sleek granite countertops, abundant cabinetry, new appliances, French door refrigerator, and recessed lightingperfect for the modern home chef. A new refrigerator will be installed the first week of August. Start your day with coffee in the cozy breakfast nook or step out onto your private balcony to soak in the sweeping vistas. Convenience abounds with in-unit laundry and an assigned garage parking space. The Sentinel residents enjoy an array of resort-style amenities, including a sparkling pool, fitness center, tennis courts, On-Site Management, Community Rooms, Playground and grocery store in a pet friendly setting. Conveniently located near I-395 and 495 Corridor. Minutes to Van Dorn Station Metro, "DASH" & Bus Service in front of Building, Pentagon, Washington, DC, Springfield Mall as well as Pentagon Mall, and Old Town! ***Some images virtually staged

Neighborhood Data

Neighborhood data shown for ZIP Code: 22304, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,314 (100%)
Owner Occupied HU	9,329 (38.4%)
Renter Occupied HU	13,537 (55.7%)
Vacant Housing Units	1,448 ( 6.0%)
Median Home Value	$544,734
Average Home Value	$667,328