Two-Bedroom Residential Income
For Sale
$409,950
5921 FOUNDERS CROSSING COURT Unit 202, Alexandria, VA 22310
The condominium includes a private balcony, fireplace, and two bedrooms positioned on opposite sides of the home.
Property Size1,057 SF
Price / SF$387.84
Days on Market27
Property Features for 5921 FOUNDERS CROSSING COURT Unit 202
General Information
Standard status
Active
Size
1,057 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,749
Amenities
community center
swimming pool
playground
Building Details
Building Size
1,057 SF
Year Built
1997
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Cynthia Schneider · License #0225136582
(703) 822-0207
Source:
Jackrealtygroup
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 26 at 3:24PM
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.
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Investment Insights
Based on property information with market context.
This 1,057-square-foot condominium, built in 1997, has two bedrooms arranged on opposite sides of the unit. Interior features include a fireplace with a marble surround, a private balcony, a kitchen with 42-inch cabinets, and a breakfast nook. Both bedrooms have walk-in closets; the primary bedroom has an en-suite bath with a separate shower. The air-conditioning unit was replaced in 2024.
The property is in Founders Walk, near Metro, Fort Belvoir, and Kingstowne Town Center. Community amenities include a center, swimming pool, and playground.
The property is in Founders Walk, near Metro, Fort Belvoir, and Kingstowne Town Center. Community amenities include a center, swimming pool, and playground.
Key Highlights
- Two‑bedroom condominium measuring 1,057 square feet
- Air‑conditioning unit replaced in 2024
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,203
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,060
$324.1K
Cap Rate 7%
$231,471
$231.5K
Cap Rate 9%
$180,033
$180.0K
Market Conditions
NOI Build-Up for 1,057 SF
Gross rent
$31.1K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.5K $27.87/SF
− OpEx
−$13.3K −$12.54/SF
NOI
$16.2K $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 Rate 5%
$324,060
Cap Rate 7%
$231,471
Cap Rate 9%
$180,033
Alternative Uses
Best Use
Apartment 5plus
$231.5K
$202.5K – $270.1K
NOI $16,203 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$587.1K
$513.7K – $684.9K
NOI $41,096 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes a private balcony, fireplace, and two bedrooms positioned on opposite sides of the home.
Where is this residential income property located?
The property is located at 5921 FOUNDERS CROSSING COURT Unit 202 Alexandria, VA.
What is the asking price?
The asking price for this property is $409,950.
What are key features of this property?
This property features: Two‑bedroom condominium measuring 1,057 square feet; Air‑conditioning unit replaced in 2024; Built in 1997
