915 N Patrick St APT 206AlexandriaVA22314
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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 915 N Patrick St APT 206, Alexandria, VA, 22314 listed at $432,000 pairs $2,922/mo rent with a $2,114/mo payment to leave $340/mo cash flow. Total monthly income runs $2,922/mo, and annual cash flow reaches $4,080/yr on $143,208 cash to close. Return on cash invested measures 22.76% in year one, and rental yield registers 8.12% at a $432,000 basis. Equity gained on principal adds $2,788/yr, and annual property appreciation at 5% supports $119,354 by year five. Five-year ROI tracks 117.83% and total cumulative return in cash totals $168,739. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,922/mo property income relative to a $2,114/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2014
700 sqft 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: N/A • N/A
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Mls ID: #N/A