6613 E Wakefield Dr APT B2AlexandriaVA22307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Alexandria at 6613 E Wakefield Dr APT B2, Alexandria, VA, 22307 generates $2,429/mo in rent and, after a $1,566/mo payment, leaves $516/mo in cash flow. Total monthly income is $2,429/mo, and annual cash flow is $6,197/yr on $106,047 invested. Return on cash invested sits at 25.75% in year one, and rental yield is 9.11% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 133.92% and total cumulative return in cash sums $142,016. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,429/mo property income rather than buyer’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,688
Single Family
3,127
Multi-Family
1,561
Businesses
190
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