Renovated Residential Income
For Sale
$299,500
3991 LYNDHURST DRIVE Unit 204, Fairfax, VA 22031
The second-floor end unit includes a private balcony, assigned parking, and access to an outdoor pool.
Property Size875 SF
Price / SF$342.29
Days on Market48
Property Features for 3991 LYNDHURST DRIVE Unit 204
General Information
Standard status
Active
Size
875 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,232
Amenities
outdoor pool
green spaces
first-floor laundry
additional storage
private balcony
Building Details
Building Size
875 SF
Year Built
1964
Year Renovated
2022
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 26 at 3:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jack Realty Group
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Investment Insights
Based on property information with market context.
This 875-square-foot, two-bedroom condo is an end unit on the second floor and has a private balcony. Interior improvements completed in 2022 include laminate flooring, a remodeled bathroom, and a kitchen with granite countertops and subway tile. The HVAC system was replaced in 2019.
The property includes assigned Space #7 and an additional open parking pass. Community features include an outdoor pool, landscaped green areas, first-floor laundry, and separate storage. The condo fee covers most utilities; the owner pays for electricity and cable or internet.
The property includes assigned Space #7 and an additional open parking pass. Community features include an outdoor pool, landscaped green areas, first-floor laundry, and separate storage. The condo fee covers most utilities; the owner pays for electricity and cable or internet.
Key Highlights
- 875‑square‑foot, two‑bedroom end‑unit condo
- Second‑floor residence with a private balcony
- Interior updates completed in 2022; HVAC replaced in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,098
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,960
$262.0K
Cap Rate 7%
$187,114
$187.1K
Cap Rate 9%
$145,533
$145.5K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$25.2K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$23.8K $27.22/SF
− OpEx
−$10.7K −$12.25/SF
NOI
$13.1K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,960
Cap Rate 7%
$187,114
Cap Rate 9%
$145,533
Alternative Uses
Best Use
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,098 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.67M
$3.21M – $4.28M
NOI $256,745 @ 7.0% cap · market cap 85.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 22031, VA
35,256
Population
15,390
Households
2.3
Avg Household Size
36
Median Age
72%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,966
Density / Sq Mi
$129,743
Median Household Income
$74,178
Median Earnings
$2,267
Median Rent
$710,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor end unit includes a private balcony, assigned parking, and access to an outdoor pool.
Where is this residential income property located?
The property is located at 3991 LYNDHURST DRIVE Unit 204 Fairfax, VA.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: 875‑square‑foot, two‑bedroom end‑unit condo; Second‑floor residence with a private balcony; Interior updates completed in 2022; HVAC replaced in 2019
