Investor Opportunity - Cash Flow Today, Massive Upside Tomorrow! Now priced at $900,000, this fully rented, grandfathered single-family home plus duplex in Historic Haymarket delivers immediate returns with huge room for growth. With current rents at $6,100 per month, the property already generates positive cash flow. Using 25% down at… Read More a 6.5% rate, monthly expenses including mortgage, taxes, and insurance are approximately $4,973, producing about $1,127 per month in cash flow and an estimated 6% cash-on-cash return on day one. The real upside comes from bringing rents to market. Pro forma rents total $9,100 per month, raising monthly cash flow to over $4,127, generating more than $49,500 in annual cash flow and pushing the cash-on-cash return to an impressive 22%. This rare investment offers a grandfathered multi-unit setup, stable tenants, strong current performance, and a clear, achievable path to dramatically increasing ROI. Opportunities like this in Historic Haymarket are exceptionally hard to find, combining location, cash flow, and long-term upside in one compelling package. Read Less
Courtesy of Sarah A. Reynolds, Keller Williams Realty 703-679-1700
Listing Snapshot
Days Online
71
Last Updated
Property Type
Single Family Residential
Beds
5
Full Baths
4
Square Ft.
2,435
Lot Size
0.37 Acres
Year Built
1901
MLS Number
VAPW2103596
Additional Details
Basement
Partial
Building
Built in 1901, Living area: 2435, Levels: 2, Construction Materials: Rock, Stone
Cooling
Central A/C
Accessibility Features
None
Fireplaces
1 fireplace
Heating
Heat Pump(s)
Lot
0.37 acres
Property
Other structures: Above Grade, Below Grade
Sewer
Septic Exists
Taxes
Annual Amount: $5,291, Year: 2022, Zoning: R4
Utilities
Water Source: Well
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