Updated Residential Income
For Sale
$509,000
7676 WILLOW POINT DRIVE Unit 7676, Falls Church, VA 22042
Two-bedroom condominium with renovated kitchen, upgraded baths, sunroom, and private patio overlooking trees and parkland.
Property Size1,364 SF
Price / SF$373.17
Days on Market20
Property Features for 7676 WILLOW POINT DRIVE Unit 7676
General Information
Standard status
Active
Size
1,364 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,066
Amenities
private pool
walking trails
assigned parking space
guest parking
full-size washer and dryer in unit
wood-burning fireplace
private patio
Building Details
Building Size
1,364 SF
Year Built
1985
Listing Agency:
Fairfax Realty of Tysons
Listed By:
BIN HU · License #0225236710
(202) 870-1479
Source:
Kerishull
Added: Aug 14
Changed: Aug 31
Last Checked: Sep 2 at 12:02AM
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 Fairfax Realty of Tysons
Investment Insights
Based on property information with market context.
This 1,364-square-foot condominium, built in 1985, features two bedrooms, two bathrooms, a sunroom, and a bonus office or den. The open living and dining area includes hardwood flooring and a wood-burning fireplace, while the updated kitchen offers custom cabinetry and quartz countertops. Both bathrooms have been improved, including a primary suite with a walk-in closet and tiled shower with frameless glass doors. A private patio extends from the living room beside trees and parkland. Recent updates include a 2023 water heater and washer and dryer, along with an HVAC system installed in 2018.
Willow Point provides a private pool and walking trails. The property includes one assigned parking space and guest parking, with access to Arlington Blvd., Fairview Parkway, and I-495. Providence Rec Center, Holmes Run Trail, Dunn Loring Metro Station, Mosaic District, and Route 66 are nearby.
Willow Point provides a private pool and walking trails. The property includes one assigned parking space and guest parking, with access to Arlington Blvd., Fairview Parkway, and I-495. Providence Rec Center, Holmes Run Trail, Dunn Loring Metro Station, Mosaic District, and Route 66 are nearby.
Key Highlights
- 1,364‑square‑foot condominium with two bedrooms and two bathrooms
- Updated kitchen with custom cabinets and quartz countertops
- Primary suite includes walk‑in closet and upgraded en‑suite bath
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
$20,417
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%
$408,340
$408.3K
Cap Rate 7%
$291,671
$291.7K
Cap Rate 9%
$226,856
$226.9K
Market Conditions
NOI Build-Up for 1,364 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
$39.3K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.1K $27.22/SF
− OpEx
−$16.7K −$12.25/SF
NOI
$20.4K $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 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%
$408,340
Cap Rate 7%
$291,671
Cap Rate 9%
$226,856
Alternative Uses
Best Use
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,417 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.72M
$5.00M – $6.67M
NOI $400,228 @ 7.0% cap · market cap 78.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 22042, VA
34,638
Population
12,598
Households
2.7
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
6.4 sq mi
ZIP Area
5,412
Density / Sq Mi
$135,578
Median Household Income
$60,264
Median Earnings
$2,178
Median Rent
$666,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with renovated kitchen, upgraded baths, sunroom, and private patio overlooking trees and parkland.
Where is this residential income property located?
The property is located at 7676 WILLOW POINT DRIVE Unit 7676 Falls Church, VA.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: 1,364‑square‑foot condominium with two bedrooms and two bathrooms; Updated kitchen with custom cabinets and quartz countertops; Primary suite includes walk‑in closet and upgraded en‑suite bath
