6631 Wakefield Dr APT 106AlexandriaVA22307
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
Investment property for sale in Alexandria at 6631 Wakefield Dr APT 106, Alexandria, VA, 22307 offers a 11.56% rental yield on a $225,000 purchase with $2,167/mo rent. Total monthly income registers $2,167/mo, and a $1,101/mo payment leaves $822/mo available for distribution. Annual cash flow reaches $9,867/yr on $74,588 to close, and return on cash invested stands at 33.14% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 173.56% and total cumulative return in cash at $129,453. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,167/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Toria Smith • Century 21 Redwood Realty
Mls Name: Bright MLS
Mls ID: #VAFX2258882