Renovated Two-Bedroom Residential
5916 COVE LANDING ROAD Unit 301, Burke, VA 22015
For Sale
$319,000
The unit includes an updated kitchen, in-home laundry, and a covered deck.
Property Size781 SF
Price / SF$408.45
Days on Market24
Property Features for 5916 COVE LANDING ROAD Unit 301
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered deck
tot lots
picnic area
community room
on-site management
maintenance staff
storage room
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Angela I Bresnahan · License #0225084430
(703) 955-2510
Source:
Horsefarmsandcountryhomes
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 8 at 8:35AM
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 Pearson Smith Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 781-square-foot, two-bedroom condo was built in 1983 and has been renovated, with new flooring throughout. The kitchen has white cabinetry, quartz countertops, and newer appliances, including a new stainless steel refrigerator. A covered deck extends from the living and dining area. The unit also has a renovated full bathroom, stackable washer and dryer, and a recently installed water heater.
The property is part of Burke Cove, a community set within 41 acres of wooded grounds. Community features include four tot lots, a picnic area, a community room, on-site management, and maintenance staff. Residents have access to more than 30 miles of paths, ponds and lakes, and pool memberships. The condo includes an assigned parking space, visitor parking, and a private, keyed 6' x 12' storage room on the lower level.
The property is part of Burke Cove, a community set within 41 acres of wooded grounds. Community features include four tot lots, a picnic area, a community room, on-site management, and maintenance staff. Residents have access to more than 30 miles of paths, ponds and lakes, and pool memberships. The condo includes an assigned parking space, visitor parking, and a private, keyed 6' x 12' storage room on the lower level.
Key Highlights
- Two‑bedroom condo with 781 square feet
- Renovated interior with new flooring throughout
- Covered deck off the living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,691
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,820
$233.8K
Cap Rate 7%
$167,014
$167.0K
Cap Rate 9%
$129,900
$129.9K
Market Conditions
NOI Build-Up for 781 SF
Gross rent
$22.5K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$21.3K $27.22/SF
− OpEx
−$9.6K −$12.25/SF
NOI
$11.7K $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%
$233,820
Cap Rate 7%
$167,014
Cap Rate 9%
$129,900
Alternative Uses
Best Use
Apartment 5plus
$167.0K
$146.1K – $194.9K
NOI $11,691 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.27M
$2.86M – $3.82M
NOI $229,163 @ 7.0% cap · market cap 71.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 22015, VA
43,941
Population
15,132
Households
2.9
Avg Household Size
41
Median Age
66%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
5,170
Density / Sq Mi
$166,016
Median Household Income
$70,767
Median Earnings
$2,441
Median Rent
$666,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes an updated kitchen, in-home laundry, and a covered deck.
Where is this residential income property located?
The property is located at 5916 COVE LANDING ROAD Unit 301 Burke, VA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑bedroom condo with 781 square feet; Renovated interior with new flooring throughout; Covered deck off the living and dining area
