6621 Wakefield Dr APT 717AlexandriaVA22307
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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 6621 Wakefield Dr APT 717, Alexandria, VA, 22307 uses $91,163 cash to close to unlock $12,253/yr annual cash flow and $1,021/mo monthly cash flow. Total monthly income runs $2,665/mo, and a $1,346/mo payment keeps the spread at $1,021/mo. Purchase price stands at $275,000, and rental yield measures 11.63% with $2,665/mo rent. Return on cash invested shows 33.35% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 174.69% and total cumulative return in cash records $159,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,665/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1963
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: Michelle Doherty • RLAH @properties
Mls Name: Bright MLS
Mls ID: #VAFX2282518