661 N Armistead StAlexandriaVA22312
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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 661 N Armistead St, Alexandria, VA, 22312 offers a 4.5% rental yield on a $695,000 purchase with $2,606/mo rent. 93% in year one. Equity gained on principal adds $4,485/yr while 5% annual appreciation supports $192,016 over five years. Portfolio math shows five-year ROI at 59.76% and total cumulative return in cash at $136,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,606/mo property income against a $3,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22312, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,596 (100%) |
| Owner Occupied HU | 5,947 (51.3%) |
| Renter Occupied HU | 5,120 (44.2%) |
| Vacant Housing Units | 529 ( 4.6%) |
| Median Home Value | $680,650 |
| Average Home Value | $777,590 |
Housing Distribution
Address Breakdown
Residential
11,837
Single Family
6,511
Multi-Family
5,326
Businesses
889
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Listed by: Daniel Llerena • RLAH @properties
Mls Name: Bright MLS
Mls ID: #VAAX2051940