6631 Wakefield Dr APT 819AlexandriaVA22307
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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 6631 Wakefield Dr APT 819, Alexandria, VA, 22307 listed at $219,990 pairs $2,018/mo rent with a $1,077/mo payment to leave $703/mo cash flow. Total monthly income runs $2,018/mo, and annual cash flow reaches $8,432/yr on $72,927 cash to close. Return on cash invested measures 31.47% in year one, and rental yield registers 11.01% at a $219,990 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,779 by year five. Five-year ROI tracks 164.59% and total cumulative return in cash totals $120,032. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,018/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Jeff Osborne • KW Metro Center
Mls Name: Bright MLS
Mls ID: #VAFX2284752