8408 Conover PlAlexandriaVA22308
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
Rental property for sale in Alexandria at 8408 Conover Pl, Alexandria, VA, 22308 generates $4,269/mo in rent, after a $4,645/mo payment. Total monthly income is $4,269/mo. Return on cash invested sits at 14.66% in year one, and rental yield is 5.4% on a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 74.39% and total cumulative return in cash sums $232,272. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,269/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
10,579 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22308, Alexandria, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,777 (100%) |
| Owner Occupied HU | 4,185 (87.6%) |
| Renter Occupied HU | 389 ( 8.1%) |
| Vacant Housing Units | 203 ( 4.2%) |
| Median Home Value | $912,549 |
| Average Home Value | $1,005,747 |
Housing Distribution
Address Breakdown
Residential
4,874
Single Family
4,873
Multi-Family
1
Businesses
64
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frida Hopper • TTR Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #VAFX2265230