Investor Opportunity in Falls Church, VA: 3701 S George Mason Drive, #501N
This home is a perfect fit for both investors and owner occupant purchasers.
The location flat out rocks! Minutes to everywhere you need to be! No worries about getting around as you are within minutes to world class shopping, dining, entertainment, employment centers, and medical options. The stress free high rise living option is a great lifestyle for the active professional or couple. Skyline offers resort-style amenities and ease of living. This unit boasts a spacious master bedroom, gorgeously updated bathroom, spacious great room with a wall of windows looking over the courtyard and balcony. The full sized kitchen features stainless steel appliances, granite countertops, custom backsplash, and full sized washer and dryer. The home features hardwood flooring and fresh paint throughout.
The numbers also make sense for investor purchasers. Let’s take a look at the numbers with an investment of 25% down payment at 3.5% interest rate. Anticipated rental income at $1675 per month is $20,100. Operating expenses are estimated at $7475. Net operating income is estimated at $12,625 per year. The initial investment of $62,500 will return the following key benefits for the real estate investor:
- Cash Flow Before Taxes estimated at $2602 per year
- Principal Reduction is estimated at $3566 per year
- Taxes saved (30% tax bracket assumed) are estimated at $194
- Appreciation is estimated at 3% per year $7500
The total rate of return of this investment with appreciation is estimated at (Cash Flow Before Tax + Principal Reduction + Taxes Saved + Appreciation/Cash Invested) is 22.2%!!
This is an awesome return and an awesome unit!!! Please check it out!