7204 Racepoint WayAlexandriaVA22315
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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
Rental property for sale in Alexandria at 7204 Racepoint Way, Alexandria, VA, 22315 generates $5,084/mo in rent, after a $4,405/mo payment. Total monthly income is $5,084/mo. Return on cash invested sits at 18.86% in year one, and rental yield is 6.78% on a $899,999 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 96.9% and total cumulative return in cash sums $286,919. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,084/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22315, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,535 (100%) |
| Owner Occupied HU | 8,245 (71.5%) |
| Renter Occupied HU | 2,855 (24.8%) |
| Vacant Housing Units | 435 ( 3.8%) |
| Median Home Value | $715,514 |
| Average Home Value | $779,188 |
Housing Distribution
Address Breakdown
Residential
11,467
Single Family
10,178
Multi-Family
1,289
Businesses
422
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Listed by: Nasim Shojaei • TTR Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #VAFX2270186