6613 E Wakefield Dr APT B2, Alexandria, VA, 22307 | $482/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6613 E Wakefield Dr APT B2, Alexandria, VA, 22307 | $482/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 6613 E Wakefield Dr APT B2, Alexandria, VA, 22307 generates $2,424/mo in rent and, after a $1,590/mo payment, leaves $482/mo in cash flow. Total monthly income is $2,424/mo, and annual cash flow is $5,784/yr on $107,704 invested. Return on cash invested sits at 25.28% in year one, and rental yield is 8.95% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 131.42% and total cumulative return in cash sums $141,545. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,424/mo property income rather than buyer’s personal income.

Condo

Built in 1950

N/A lot

$N/A/sqft

No HOA

More details about the property

Condo in the most desirable community in Alexandria. Minutes to world class restaurants and entertainment in Old Town, Del Ray and National Harbor. Commute opposite traffic to Ft. Belvoir on the George Washington Parkway along the scenic Potomac in less than 20 minutes. Condo is 5 minute walk to the Mount Vernon Trail, an 18-mile walking/biking trail that extends from George Washingtons' Mount Vernon to Theodore Roosevelt Island in Arlington passing through Old Town. Walk to Safeway, neighborhood restaurants, post office, pharmacy. Convenient to I495, downtown DC, Arlington, Georgetown. Community tennis, pickleball, swimming pool. Dock your boat at nearby Belle Haven Marina. Located on quiet street, away from traffic. Private wing, no upstairs or adjacent neighbors. 3 walls of sunlight (morning, noon and evening). Plenty of street parking le less than 30 feet from front door as well as spacious adjacent parking lots. Walk to farmers market at end of street for fresh, organically farmed fruits and vegetables. Your kids can walk to elementary school adjacent to the condo community property. Walk to the newly renovated recreation center with new olympic sized swimming pool. Pet owners will cherish the awesome, well maintained, fenced dog park with separate areas for small dogs. Picnic at Belle Haven Park and Marina on the Potomac, experience wildlife nature at Dyke Marsh Wildlife Preserve (both less than 10 minute walk). Enjoy the peace and tranquility as you watch the sunrise/sunset on various benches placed throughout the property. Condo's in this community have held value and proven to be great investments for military/government workers. Purchase for the cost of rent in this area. HOA includes water and gas. Great water pressure for hot relaxing showers. New HVAC in 2019. Furniture negotiable.

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