Two-Bedroom Residential Condo with
For Sale
$350,000
5605 WILLOUGHBY NEWTON DRIVE Unit 22, Centreville, VA 20120
A renovated kitchen and bathrooms complement the open living area and private balcony.
Property Size1,040 SF
Price / SF$336.54
Days on Market47
Property Features for 5605 WILLOUGHBY NEWTON DRIVE Unit 22
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,656
Amenities
swimming pool
tennis courts
barbecue grills
Building Details
Building Size
1,040 SF
Year Built
1993
Listing Agency:
Hyundai Realty
Listed By:
Hee Soo Chung · License #0225052078
(703) 477-3114
Source:
Canopy-re
Added: Sep 13
Changed: Oct 27
Last Checked: Oct 26 at 2:09PM
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 Hyundai Realty
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Investment Insights
Based on property information with market context.
This 1,040-square-foot residential condominium features an open living and dining area, vaulted ceilings, and a wood-burning fireplace. Oak hardwood flooring extends through the living room, dining room, and hallway. The updated kitchen has granite countertops and stainless steel appliances, while the bathrooms include custom double vanities. A spacious primary bedroom offers a walk-in closet. The unit also includes a tiled 7-by-6-foot balcony and a separate hallway storage unit.
Built in 1993, the property has assigned parking space #105 and guest parking. Community amenities include a swimming pool, tennis courts, and barbecue grills.
Built in 1993, the property has assigned parking space #105 and guest parking. Community amenities include a swimming pool, tennis courts, and barbecue grills.
Key Highlights
- 1,040‑square‑foot residential condominium
- Open living and dining area with vaulted ceilings and a wood‑burning fireplace
- Granite kitchen countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,568
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,360
$311.4K
Cap Rate 7%
$222,400
$222.4K
Cap Rate 9%
$172,978
$173.0K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$30.0K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$28.3K $27.22/SF
− OpEx
−$12.7K −$12.25/SF
NOI
$15.6K $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%
$311,360
Cap Rate 7%
$222,400
Cap Rate 9%
$172,978
Alternative Uses
Best Use
Apartment 5plus
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.36M
$3.81M – $5.09M
NOI $305,159 @ 7.0% cap · market cap 87.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,106
Businesses Nearby
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Business Placement
Demographics for 20120, VA
42,697
Population
14,753
Households
2.9
Avg Household Size
38
Median Age
60%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
2,372
Density / Sq Mi
$149,844
Median Household Income
$71,167
Median Earnings
$2,244
Median Rent
$620,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A renovated kitchen and bathrooms complement the open living area and private balcony.
Where is this residential income property located?
The property is located at 5605 WILLOUGHBY NEWTON DRIVE Unit 22 Centreville, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,040‑square‑foot residential condominium; Open living and dining area with vaulted ceilings and a wood‑burning fireplace; Granite kitchen countertops and stainless steel appliances
