6604 Boulevard Vw APT B-1, Alexandria, VA, 22307 | $173/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6604 Boulevard Vw APT B-1, Alexandria, VA, 22307 | $173/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

Rental property for sale in Alexandria at 6604 Boulevard Vw APT B-1, Alexandria, VA, 22307 generates $2,177/mo in rent and, after a $1,346/mo payment, leaves $173/mo in cash flow. Total monthly income is $2,177/mo, and annual cash flow is $2,077/yr on $91,163 invested. Return on cash invested sits at 22.19% in year one, and rental yield is 9.5% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 116.55% and total cumulative return in cash sums $106,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,177/mo property income rather than buyer’s personal income.

Apartment

Built in 1950

N/A lot

$N/A/sqft

$360 monthly HOA

More details about the property

MOVE IN READY!. Just bring your furniture. Beautifully renovated top (second) floor 1 bedroom unit in Belle View. The kitchen has cherry cabinets, which are all soft close. The Miele dishwasher is high end ($2.000!), with integrated paneling matching the cabinets. There is extra cabinet storage added as well as a matching tall pantry. Cabinetry is completed with Kohler hardware, and the counters are granite. The kitchen floor is beautiful porcelain tiles, and there is ceiling track lighting and LED under-cabinet lighting. The upgraded kitchen sink and the disposal are both sound-insulated. There is a whole house surge protector in the electric panel!! The bathroom is all new, with porcelain tiles, Robern mirror ($2000), Kohler hardware, and Kohler toilet (including a Bidet sprayer). There is also a large walk-in closet in the hall. This unit has the Luxury vinyl floors and the windows have all been replaced in 2019. All windows have beautiful blinds. The living room has track lighting, with wireless control. The heating and air conditioning are controlled by a NEST thermostat, which can be controlled by a smartphone. Laundry and an assigned storage bin are in this building. Belle View is a great community, with shopping on the west side, bus routes, a Thursday farm stand (May thru November). It's across the parkway from the Belle Haven Marina, and just 2 miles to the Huntington Metro, and 2 miles to Old Town along the GW Parkway and bike path. This unit is in a quiet courtyard setting, and just waiting for the next owner!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22307, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,582 (100%)
Owner Occupied HU	3,415 (74.5%)
Renter Occupied HU	901 (19.7%)
Vacant Housing Units	266 ( 5.8%)
Median Home Value	$867,127
Average Home Value	$914,118