5701 INDIAN COURT 8ALEXANDRIA, VA 22303
This income-producing property, with a tenant secured under lease until August, presents a stable and attractive investment opportunity. Generating $24,000 in annual rental income, the property has strong potential for long-term cash flow. Additionally, all utilities are covered under the condo fee, reducing operating costs further. Here’s a detailed breakdown of the financials: Expenses Overview: Condo Fee: $732 per month ($8,784 annually), includes all utilities Property Taxes: $2,271 annually Insurance (Assumption): $150 per month ($1,800 annually) Vacancy Rate (Assumption): 3% ($720 annually), reflecting a high-demand area with low tenant turnover Capital Expenditures (Assumption): 5% ($1,200 annually), considering condo conv Total Expenses: $14,775 annually Net Operating Income (NOI): $9,225 annually Property is cash, VA or portfolio lender.
| 5 days ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Listing first seen on site |
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