801 N Pitt St APT 1708AlexandriaVA22314
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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
Investment property for sale in Alexandria at 801 N Pitt St APT 1708, Alexandria, VA, 22314 uses $130,909 cash to close to unlock $6,506/yr annual cash flow and $542/mo monthly cash flow. Total monthly income runs $2,903/mo, and a $1,933/mo payment keeps the spread at $542/mo. Purchase price stands at $394,900, and rental yield measures 8.82% with $2,903/mo rent. Return on cash invested shows 24.88% in year one, and 5% annual appreciation builds toward $109,104 over five years. Five-year ROI reaches 129.25% and total cumulative return in cash records $169,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,903/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22314, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,331 (100%) |
| Owner Occupied HU | 9,049 (37.2%) |
| Renter Occupied HU | 12,678 (52.1%) |
| Vacant Housing Units | 2,604 (10.7%) |
| Median Home Value | $961,850 |
| Average Home Value | $1,048,390 |
Housing Distribution
Address Breakdown
Residential
23,746
Single Family
8,902
Multi-Family
14,844
Businesses
2,873
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Listed by: Peter Braun • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #VAAX2051782