8 Canterbury Sq APT 304, Alexandria, VA, 22304 | $317/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8 Canterbury Sq APT 304, Alexandria, VA, 22304 | $317/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

Rental property for sale in Alexandria at 8 Canterbury Sq APT 304, Alexandria, VA, 22304 generates $1,872/mo in rent and, after a $1,273/mo payment, leaves $317/mo in cash flow. Total monthly income is $1,872/mo, and annual cash flow is $3,808/yr on $86,190 invested. Return on cash invested sits at 24.33% in year one, and rental yield is 8.64% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 126.3% and total cumulative return in cash sums $108,857. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,872/mo property income rather than buyer’s personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Fully Renovated 2BR Condo | All Utilities Included | Prime Alexandria Location - Beautifully renovated and spacious 2-bedroom condo! Enjoy newer appliances, stylish kitchen cabinetry, a modern bathroom, and fresh carpeting throughout. This move-in ready unit offers comfort, convenience, and great value! All utilities included in condo fee, FHA-approved, and in a prime location - tucked just off I-395 and Duke Street, this condo offers an easy commute to the Pentagon, Crystal City, Old Town Alexandria, Amazon HQ2, and beyond. The community backs to a serene natural setting(Holmes Run) with walking trails and nearby dog parks. Stroll to the Alexandria Public Library, grocery stores, restaurants, and everyday essentialsall just minutes away!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22304, Alexandria, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,314 (100%)
Owner Occupied HU	9,329 (38.4%)
Renter Occupied HU	13,537 (55.7%)
Vacant Housing Units	1,448 ( 6.0%)
Median Home Value	$544,734
Average Home Value	$667,328