Updated Residential Income
For Sale
$325,000
5904 MOUNT EAGLE DRIVE Unit 817, Alexandria, VA 22303
Apartment with refreshed finishes, enclosed balcony, in-unit laundry, and access to extensive community amenities.
Property Size850 SF
Days on Market11
Property Features for 5904 MOUNT EAGLE DRIVE Unit 817
General Information
Standard status
Active
Size
850 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,341
Building Details
Building Size
850 SF
Year Built
1986
Listing Agency:
Jobin Realty
(703) 593-7008
Listed By:
James (Jim) G Kanala · License #0225018924
(703) 593-7008
Source:
Dcmetrorealtyteam
Added: Aug 14
Changed: Aug 23
Last Checked: Aug 23 at 8:18AM
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 Jobin Realty
Investment Insights
Based on property information with market context.
This apartment in a gated community features updated hardwood flooring, granite kitchen counters, replacement cabinetry, and a separate hutch. The glass-enclosed balcony includes a table and chairs, while the living room and dining room have carpet over hardwood floors. The bedroom is fully carpeted, and the unit includes a full-sized front-load washer and dryer along with window treatments.
Community amenities include multiple pools, tennis courts, walking trails, bowling, billiards, ping pong, a spa, exercise equipment, meeting and party rooms, a convenience store, and a beauty parlor. A complimentary shuttle serves Huntington Metro, and a gate walk provides another route to the station. General common-element parking is available. The property was built in 1986.
Community amenities include multiple pools, tennis courts, walking trails, bowling, billiards, ping pong, a spa, exercise equipment, meeting and party rooms, a convenience store, and a beauty parlor. A complimentary shuttle serves Huntington Metro, and a gate walk provides another route to the station. General common-element parking is available. The property was built in 1986.
Key Highlights
- Updated kitchen with granite counters, replaced cabinets, and separate hutch
- Glass‑enclosed balcony with table and chairs included
- Full‑sized front‑load washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,030
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,600
$260.6K
Cap Rate 7%
$186,143
$186.1K
Cap Rate 9%
$144,778
$144.8K
Market Conditions
NOI Build-Up for 850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.0K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$23.7K $27.87/SF
− OpEx
−$10.7K −$12.54/SF
NOI
$13.0K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,600
Cap Rate 7%
$186,143
Cap Rate 9%
$144,778
Alternative Uses
Best Use
Apartment 5plus
$186.1K
$162.9K – $217.2K
NOI $13,030 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 22303, VA
16,109
Population
8,669
Households
1.9
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
1.9 sq mi
ZIP Area
8,478
Density / Sq Mi
$103,822
Median Household Income
$69,699
Median Earnings
$2,050
Median Rent
$547,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Apartment with refreshed finishes, enclosed balcony, in-unit laundry, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 5904 MOUNT EAGLE DRIVE Unit 817 Alexandria, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Updated kitchen with granite counters, replaced cabinets, and separate hutch; Glass‑enclosed balcony with table and chairs included; Full‑sized front‑load washer and dryer
