6641 Wakefield Dr APT 506, Alexandria, VA, 22307 | $341/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6641 Wakefield Dr APT 506, Alexandria, VA, 22307 | $341/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Alexandria at 6641 Wakefield Dr APT 506, Alexandria, VA, 22307 earns $341/mo cash flow from $1,531/mo rent with a $974/mo payment. Total monthly income totals $1,531/mo, and annual cash flow totals $4,097/yr on $65,969 capital. ROI tracks 26.12% on current figures, and rental yield reads 9.23% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 135.91% and total cumulative return in cash sums $89,658. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,531/mo property income instead of your personal income.

Condo

Built in 1963

N/A lot

$N/A/sqft

No HOA

More details about the property

Freshly Updated & Move-In Ready! ** Welcome to this beautifully refreshed one-bedroom, one-bathroom home in the highly sought-after River Towers Condominiums. Step inside to discover fresh paint throughout, a brand-new dishwasher, new bathroom vanity and a new ceiling fanadding comfort and style to every space. Sunlight pours in through the large windows, filling the home with warmth and natural light. The views are remarkable and the sunsets always catch your eye. The spacious living room flows seamlessly into a dining area and well-equipped kitchenperfect for both relaxing and entertaining. The large bedroom offers a peaceful retreat, complemented by a tastefully updated full bath. Youll also find plenty of storage, including a large walk-in closet and multiple additional closets throughout. The hardwood floors have been well maintained and add that charm of midcentury modern. All utilities (except cable, phone, and internet) are included in the monthly condo fee, making budgeting simple and convenient. Enjoy an unbeatable location just minutes from **Old Town Alexandria**, **Fort Belvoir**, **National Harbor**, and **Washington, D.C.**. River Towers residents love the abundance of **green space, walking trails, dog park, pool, picnic areas**, and easy access to **public transportation**. Move right in and start enjoying everything River Towers has to offercomfort, convenience, and a truly vibrant community!

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