Updated Residential Income
7914 SPRING FOREST COURT Unit 3C, Springfield, VA 22152
For Sale
New
$345,000
The condo has new flooring, fresh interior paint, and recently installed appliances.
Property Size1,054 SF
Days on Market6
Property Features for 7914 SPRING FOREST COURT Unit 3C
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Elite
Listed By:
Cherish R Green · License #0225057344
(703) 217-3278
Source:
Dcmetrorealtyteam
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 2:43PM
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 Coldwell Banker Elite
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Investment Insights
Based on property information with market context.
This residential property is a condominium in Bentley Village. Interior improvements include fresh paint, new flooring throughout with no carpet, and new appliances. The building dates to 1974.
The condominium is in Springfield, Virginia, and is identified as Unit 3C at 7914 Spring Forest Court.
The condominium is in Springfield, Virginia, and is identified as Unit 3C at 7914 Spring Forest Court.
Key Highlights
- Condominium in Bentley Village
- Fresh interior paint and new flooring throughout, with no carpet
- New appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,777
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,540
$315.5K
Cap Rate 7%
$225,386
$225.4K
Cap Rate 9%
$175,300
$175.3K
Market Conditions
NOI Build-Up for 1,054 SF
Gross rent
$30.4K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$28.7K $27.22/SF
− OpEx
−$12.9K −$12.25/SF
NOI
$15.8K $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%
$315,540
Cap Rate 7%
$225,386
Cap Rate 9%
$175,300
Alternative Uses
Best Use
Apartment 5plus
$225.4K
$197.2K – $263.0K
NOI $15,777 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$585.4K
$512.3K – $683.0K
NOI $40,980 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
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Business Placement
Demographics for 22152, VA
29,843
Population
9,779
Households
3.1
Avg Household Size
40
Median Age
64%
College-Educated
94%
High-School Grad
6.0 sq mi
ZIP Area
4,974
Density / Sq Mi
$159,557
Median Household Income
$73,552
Median Earnings
$2,495
Median Rent
$620,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo has new flooring, fresh interior paint, and recently installed appliances.
Where is this residential income property located?
The property is located at 7914 SPRING FOREST COURT Unit 3C Springfield, VA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Condominium in Bentley Village; Fresh interior paint and new flooring throughout, with no carpet; New appliances
