Need a REALTOR® for your
Northern Virginia investment property?
OutofTownLandLord connects you with Northern Virginia’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Northern Virginia market below.
Joe Facenda, REALTOR®
Northern Virginia Investment Specialist
Counties: Fairfax, Arlington, Prince William, Loudoun
Cities and Towns: Alexandria, Annandale, Arlington, Ashburn, Bristow, Burke, Centreville, Chantilly, Clifton, Dale City, Dumfries, Dunn Loring, Fairfax Station, Fairfax, Falls Church, Gainesville, Great Falls, Herndon, Lorton, Manassas Park, Manassas, Mclean, Merrifield, Oakton, Reston, South Riding, Springfield, Sterling, Vienna, Woodbridge
Real Estate Experience: 27 Years
Company: RE/MAX Presidential
About Joe Facenda
I have been a full time Realtor in Northern Virginia since 1989 and the recipient of dozens of top production awards both locally and with RE/MAX but more importantly, over the last few years, more than 85% of my business has come from past clients and referrals.
In the last 2 years almost 50% of my work has been with investors. I have helped investors with long term rentals as well as fix and flips.
Personally, I own several rental properties both in my home market and out of the area. Some I saw before buying and others I bought based on my relationship with an investor friendly Realtor I knew I could trust. I understand the special needs of those looking outside their home market. Since you are not here, I know there will be parts of the process I will need to handle that my local clients do on their own. This is not a problem. I am ready to serve.
By the way, I have bought using my self directed IRA and am well versed about the benefits and limitations of that strategy. Let me know if you would like to learn more.
As mentioned, my business has been built on past clients and referrals. The only way that happens is by making you so happy that you tell your friends about your positive experience. And when it is time to buy your next Northern Virginia investment, you are completely confident calling me so we can work together again
About the Northern Virginia Market
Our market is one of the most stable in the nation and as long as the Federal Government continues to call Washington DC home, we should remain as such.
It doesn’t matter whether there is a Republican or Democrat in the White House. Every administration will have programs they want to promote and will bring in managers, consultants and staff to run the latest efforts. Additionally, every government initiative means dozens of private contractors set up shop to help implement the program. Some of these folks will buy but many are here for just a short time and opt to rent.
We are home to the Pentagon and Fort Belvoir, meaning even more families transition in and out of the market each year.
Historically, we offer above average appreciation and stable rents.
Since 1975, the average annual increase in home prices in the closer in areas has been 6.2%. The 5 year average has been 28% and the 10 year average 74%. Only 4 years have had average price drops.
Investment Price Points in Northern Virginia
Entry Level: $100,000 to $200,000
Here you will find condos and few small fee simple townhomes.
Mid Level: $200,000 to $325,000
These will be mostly townhomes and a few condos although the more expensive condos are harder to cash flow.
Upper Level: $325,000 to $450,000
These will be townhomes and a few older single family homes in the farther out suburbs. It is a little harder to cash flow north of $400,000 but it can happen.
Overall average market price point:
Upper $400s for the entire region but mid $500s for Fairfax, Arlington and Alexandria which are closer to DC.
Free Report: Demographic and Housing Data on the Northern Virginia Market
Would you like free demographic and housing data on the Northern Virginia market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Northern Virginia market is right for you! Click here to get your free report.