8002 Chanute Pl APT 3, Falls Church, VA, 22042 | $193/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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8002 Chanute Pl APT 3, Falls Church, VA, 22042 | $193/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 Falls Church at 8002 Chanute Pl APT 3, Falls Church, VA, 22042 earns $193/mo cash flow from $1,807/mo rent with a $1,322/mo payment. Total monthly income totals $1,807/mo, and annual cash flow totals $2,310/yr on $89,505 capital. ROI tracks 22.49% on current figures, and rental yield reads 8.03% at a $270,000 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 over five years. Five-year ROI reaches 116.43% and total cumulative return in cash sums $104,209. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,807/mo property income instead of your personal income.

Condo

Built in 1966

N/A lot

$N/A/sqft

No HOA

More details about the property

This well-maintained 2-bedroom, 1-bath condo is conveniently located on the lower level and features its own private patio ideal for relaxing or entertaining. The kitchen is equipped with a stove, dishwasher, and refrigerator all updated in 2021, along with laminate flooring and ready to move in. Nestled in a peaceful, park-like setting in Falls Church, this charming community offers wonderful amenities for residents to enjoy including two playgrounds, barbecue areas perfect for weekend cookouts, a large outdoor swimming pool, and a full-sized basketball court. Incredible Opportunity to live minutes away from the highly coveted Mosaic District, Dunn Loring Metro Stop, 495, 66, Gallows Road, Tysons Corner, and much more! The condo fee covers all utilities, providing exceptional value and convenience. Come see why Yorktowne Square is such a wonderful place to call home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22042, Falls Church, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,749 (100%)
Owner Occupied HU	7,489 (58.7%)
Renter Occupied HU	4,681 (36.7%)
Vacant Housing Units	579 ( 4.5%)
Median Home Value	$756,763
Average Home Value	$797,288