8004 Chanute Pl APT 7, Falls Church, VA, 22042 | $1,177/mo Cash Flow

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8004 Chanute Pl APT 7, Falls Church, VA, 22042 | $1,177/mo Cash Flow | Ziffy

Recently Sold

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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 8004 Chanute Pl APT 7, Falls Church, VA, 22042 offers a 12.13% rental yield on a $285,000 purchase with $2,881/mo rent. Total monthly income registers $2,881/mo, and a $1,395/mo payment leaves $1,177/mo available for distribution. Annual cash flow reaches $14,127/yr on $94,478 to close, and return on cash invested stands at 34.86% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 182.78% and total cumulative return in cash at $172,686. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,881/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1966

N/A lot

$N/A/sqft

No HOA

More details about the property

8004 Chanute Pl APT 7, Falls Church, VA 22042 is a condo home that contains 1,040 sq ft and was built in 1966. It contains 2 bedrooms and 1 bathroom. This home last sold for $285,000 in January 2025. The Zestimate for this house is $285,800. The Rent Zestimate for this home is $2,401/mo.

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