Residential Income Condo with
New
For Sale
$425,000
5921 FOUNDERS CROSSING COURT Unit 102, Alexandria, VA 22310
Two-bedroom unit with renovated baths, private patio, gas fireplace, and access to community amenities.
Property Size1,045 SF
Days on Market7
Property Features for 5921 FOUNDERS CROSSING COURT Unit 102
General Information
Standard status
Active
Size
1,045 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,740
Amenities
outdoor pool
clubhouse
tot lot
Building Details
Building Size
1,045 SF
Year Built
1997
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 789-2046
Listed By:
Nathan Shapiro · License #0225185794
(703) 789-2046
Source:
Dcmetrorealtyteam
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 3 at 11:06AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1997, this two-bedroom, two-bath condominium offers a substantially updated interior with luxury vinyl plank flooring through the main living areas and bedrooms. The kitchen includes granite worktops, maple cabinetry, a pantry, stainless steel appliances, gas cooking, and a tile backsplash. Both bathrooms feature granite-topped vanities, while newer light fixtures and fresh interior paint complete the improvements. A gas fireplace anchors the living room, and a sliding door opens to a private patio. The unit also includes a separate private storage room.
Community amenities at Founders Walk include an outdoor pool, clubhouse, and tot lot. The property is near Kingstowne and offers access to major commuter routes and Van Dorn Metro.
Community amenities at Founders Walk include an outdoor pool, clubhouse, and tot lot. The property is near Kingstowne and offers access to major commuter routes and Van Dorn Metro.
Key Highlights
- Two‑bedroom, two‑full‑bath condominium built in 1997
- Kitchen with granite countertops, maple cabinetry, pantry, stainless steel appliances, and gas cooking
- Luxury vinyl plank flooring installed throughout foyer, living, dining, kitchen, and both bedrooms
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.7k | $29.40 |
| − Vacancy | −$1.6k | −$1.53 |
| EGI | $29.1k | $27.87 |
| − OpEx | −$13.1k | −$12.54 |
| NOI | $16.0k | $15.33 |
1,045 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$228.8K
$200.2K – $267.0K
NOI $16,019 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 22310, VA
29,611
Population
11,116
Households
2.7
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,420
Density / Sq Mi
$160,872
Median Household Income
$83,668
Median Earnings
$2,396
Median Rent
$627,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with renovated baths, private patio, gas fireplace, and access to community amenities.
Where is this residential income property located?
The property is located at 5921 FOUNDERS CROSSING COURT Unit 102 Alexandria, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath condominium built in 1997; Kitchen with granite countertops, maple cabinetry, pantry, stainless steel appliances, and gas cooking; Luxury vinyl plank flooring installed throughout foyer, living, dining, kitchen, and both bedrooms
