7370 Route 29 UNIT 70/101Falls ChurchVA22046
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 Falls Church at 7370 Route 29 UNIT 70/101, Falls Church, VA, 22046 uses $80,886 cash to close to unlock $2,552/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,671/mo, and a $1,194/mo payment keeps the spread at $213/mo. Purchase price stands at $244,000, and rental yield measures 8.22% with $1,671/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 119.5% and total cumulative return in cash records $96,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,671/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22046, Falls Church, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,047 (100%) |
| Owner Occupied HU | 4,832 (60.0%) |
| Renter Occupied HU | 2,686 (33.4%) |
| Vacant Housing Units | 529 ( 6.6%) |
| Median Home Value | $1,064,820 |
| Average Home Value | $1,122,574 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
4,721
Multi-Family
2,747
Businesses
906
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Listed by: Rengin Morro • Corcoran McEnearney
Mls Name: Bright MLS
Mls ID: #VAFX2262634