7Bedrooms
5Full Baths
2,430Sq Ft
1948Built
5,214Sq Ft Lot
~$3,000/moLower Level Rental History
Arlington, VA 22207 · North Arlington · MLS# VAAR2077232
Most homes at this price point ask everything of you and give nothing back. This one is different. It is a beautifully renovated Cape Cod on a quiet street minutes from Ballston, with 7 bedrooms, 5 updated baths, and a walkout lower level that has consistently rented for about $3,000 a month with minimal vacancy, thanks to its location near Virginia Hospital Center.
I know this house better than anyone, because I own it. I bought it as an investor, improved it the way I would advise my own clients to, and lived the numbers firsthand. Nearly every major system and finish has been addressed: renovated and expanded kitchen, all 5 bathrooms updated, refinished original hardwoods, replacement windows, updated electrical and plumbing, higher-end HVAC with humidity control, new gutters, fresh paint inside and out, new stone patio, new backyard fence, and an expanded driveway that fits four cars. Ask me for the full upgrade list. It is long.
The layout works in every direction. Two bedrooms and a full bath on the main level. A true primary suite upstairs with a walk-in closet, dual vanity, soaking tub, and a luxury shower, plus three more bedrooms and two more baths. Downstairs, oversized windows make the walkout lower level feel above grade, with two bedrooms, two baths, luxury vinyl plank, a stylish wet bar with quartz counters, and its own laundry. Close it off for privacy and it functions as a private suite. Open it up and it is simply more house.
Location, quickly and factually: about 1.5 miles to Ballston Metro, minutes to Virginia Hospital Center, parks, coffee, groceries, and easy access to I-66 and the whole DC region. The home qualifies for Arlington flex parking passes on top of the four-car driveway.
The home can convey fully furnished and equipped, or unfurnished. I am open to creative finance offers with a large down payment. Ask me directly.
I underwrite deals for a living, so let me save you the spreadsheet. Assume 20% down ($275,000) on a 30-year fixed loan of $1,100,000, plus estimated Arlington County taxes and insurance. The lower level has a documented rental history of about $3,000 a month.
| Example Rate | P&I | Est. PITI | Net With $3,000 Rent |
|---|---|---|---|
| 5.75% | $6,419 | $7,753 | $4,753 |
| 6.25% | $6,773 | $8,107 | $5,107 |
| 6.75% | $7,135 | $8,468 | $5,468 |
Illustration only, not a loan offer or quote. Rates are examples, not today's pricing. PITI estimate includes principal and interest, property taxes estimated at Arlington's current rate of about $1.033 per $100 of assessed value on the list price (about $1,184/mo), and $150/mo estimated insurance. Actual taxes, insurance, and rental income will vary. Past rental performance does not guarantee future results. Talk to your lender, or ask me and I will walk you through it.
Live in the lower-level suite and rent the main house, and your tenants cover most of your mortgage while you bank the difference. Some lenders will even count a portion of documented rental income toward your qualifying DTI. That can be the difference between stretching and comfortable.
Want to model your own scenario with your own numbers?
Open My House Hack CalculatorI am open to creative structures with a large down payment. If you have been waiting for a seller who actually understands seller financing conversations, you found her. Owner/Agent.
Tours are easy to set up and I am fast to respond. Since I am the owner and the agent, every question gets answered by the person who actually knows: systems, rental history, numbers, neighborhood, all of it.