6641 Wakefield Dr Apt 405 # 405, Alexandria, VA 22307
1 beds · 1 baths · 670 sqft
Why Rent When You Can Own? Investor-Friendly • First-Time Buyer Perfect • All-Inclusive Living Welcome to River Towers, a hidden oasis just south of Old Town Alexandria—where nature, comfort, and convenience meet on 26 acres of park-like grounds. This updated 1-bedroom, 1-bath condo is ideal for first-time homebuyers ready to build equity instead of paying rent, or investors seeking a turnkey, low-maintenance property with strong rental potential. Step inside to find an open, sun-filled layout with gleaming wood floors and oversized windows. The renovated kitchen is thoughtfully designed with granite counters on both sides, 36” custom cabinetry, under-cabinet lighting, ceramic tile floors, and modern appliances—perfect for everyday living or attracting quality tenants. The bathroom is stylishly upgraded, and storage is abundant with two walk-in closets, plus linen and coat closets—and a private storage unit in the basement. River Towers offers resort-style amenities that tenants and owners alike love: - All utilities included in condo fee (electric, gas, water, heat/AC, trash, snow) -Outdoor pool, rooftop terrace, gym, and tennis/basketball courts -Jogging trails, picnic areas, tot lots, and even a community garden Located just minutes from Belle View Shopping Center, Dyke Marsh Wildlife Preserve, and the Mount Vernon Trail—plus direct access to GW Parkway, Route 1, Metro, and DC—this location checks every box for lifestyle and investment. Whether you're starting your real estate journey or growing your portfolio, this condo offers outstanding value, zero hassle, and a lifestyle tenants love—all in one of Alexandria’s best-kept secrets. Own your future at River Towers—where renting stops and smart investing begins.
Source: BRIGHT #VAFX2253042
Source: BRIGHT #VAFX2253042
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.