6617 E Wakefield Dr APT A1AlexandriaVA22307
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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 6617 E Wakefield Dr APT A1, Alexandria, VA, 22307 uses $107,700 cash to close to unlock $6,240/yr annual cash flow and $520/mo monthly cash flow. Total monthly income runs $2,462/mo, and a $1,590/mo payment keeps the spread at $520/mo. Purchase price stands at $324,888, and rental yield measures 9.09% with $2,462/mo rent. Return on cash invested shows 25.7% in year one, and 5% annual appreciation builds toward $89,761 over five years. Five-year ROI reaches 133.67% and total cumulative return in cash records $143,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,462/mo property income covering a $1,590/mo payment rather than investor’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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Listed by: Kelly Olafsson • RE/MAX Distinctive Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #VAFX2255788