This property in Alexandria, VA, has a promising rent potential, estimated between $3.5K and $4.9K monthly. With 3 bedrooms and 3.5 baths, it’s poised to attract tenants seeking spacious, well-appointed living. The typical payback period, considering market rents, may fall between 15 to 20 years. Located in a sought-after neighborhood with a historic vibe, the property’s colonial style and modern amenities add significant rental appeal. However, the competitive market and HOA fees could be potential challenges.
Enhancing curb appeal and modernizing interior features could boost rental income. Upgrading appliances and ensuring energy efficiency may justify a rent increase. If considering a sale, highlight the property’s proximity to amenities and the scenic Potomac River. Positioning it as an investment with stable income prospects could attract buyers, especially given the increasing demand in Alexandria’s rental market.