About McLean Virginia Property Management

mclean virginia_property management by wjd management
35+

Years in Business
Serving Northern Virginia

400

Properties in
Northern Virginia

100%

Committed To
Our Owners

The McLean Virginia Real Estate Market

What is an Investment Property?

An investment property is any property purchased to generate income or appreciation. Investment properties can be residential or commercial, and they can be purchased through various means, such as through a real estate agent or directly from a seller. There are many reasons to buy an investment property, but the most common ones are to generate rental income or sell the property for a profit later down the road. Whether you’re looking to buy your first investment property or a seasoned investor, it’s essential to do your research and understand the risks involved before making any decisions.

Buying investment property can be a complex process. However, there are many benefits to the process. When looking for property to buy for investment purposes, many elements need to be considered, including the cost of carrying, return on investment, and several tax considerations. Such properties could include:

  • Residential housing.
  • Office blocks (with tenant management).
  • Retail zones (not just vacant lots).
  • Roads with bus terminals and railway stations.
  • Warehouses.
  • Even tourist centers.

Buying Investment Property in McLean Virginia

If you’re thinking of investing in property, McLean, Virginia, is a great place to do it. The market is strong, and plenty of good deals can be had. Whether you’re looking for a primary residence or an investment property, you’ll find what you’re looking for in McLean. The median home price in McLean is just over $1 million, but plenty of properties are available at lower prices. If you’re looking for an investment property, you can find some fantastic deals on fixer-uppers that will appreciate over time. McLean has many different neighborhoods to choose from, so you can find the perfect one to fit your needs and budget. From luxury homes to more affordable options, there’s something for everyone in McLean. If you’re thinking of investing in property, McLean, Virginia, is a great place to do it. The market is strong, and plenty of good deals can be had. Whether you’re looking for a primary residence or an investment property, you’ll find what you’re looking for in McLean.

How to get Financing for an Investment Property

There are several ways to finance an investment property, each with its advantages and disadvantages. The most common methods are bank loans, private lending, or equity from another property. Bank loans are typically the most expensive option but offer the lowest interest rates and the most extended repayment terms. Private lenders usually have higher interest rates but may be more flexible on repayment terms. Using equity from another property can be an excellent way to finance an investment property without incurring additional debt. Still, it can also be a riskier proposition if the property’s value decreases. Whichever financing option you choose, be sure to shop around and compare offers from multiple lenders to get the best deal possible.

Looking for information about McLean Virginia property management? McLean is an strong, reliable place to own real estate in Northern Virginia because the real estate market in McLean Virginia is strong–and is projected to remain reliable for years to come. With an abundance of luxury homes, well-kept neighborhoods, and competitive schools, McLean is a highly sought after place to live. On average, over 50% of the homes in McLean are valued at or over $1.2 million. The McLean real estate landscape is highly competitive and expensive. However, if you currently own property in McLean, you are well-positioned to enjoy a stable a rental market.

What McLean Owners Say About Us

WJD have been managing my property in Virginia now for more than 2 years and I have been thrilled with their level support and professionalism. I am more than glad that I selected David and his team to look after my property. I live in another state and rely on WJD to manage finances, property maintenance and any tenant issues. I feel 100% confident that WJD will take care of my asset, provide me with timely and effective communications, and support me as a property owner in any tenant related issues that may arise and have arisen in the past. Simply put, these folks are the best.

The McLean Virginia Property Management Experts

For more than 35 years our clients throughout Northern Virginia have experience our top-notch commitment to their investments. WJD provides an impressive variety of services as a premier rental property management firm, fees that are competitively priced. Be sure to visit us at our office which is located close Fairfax, VA and discover what makes us leading management specialists in Alexandria, Old Town Alexandria and all of Northern Virginia. You can also request a free rental market analysis.

Why Own Rental Property in McLean Virginia?

McLean is an unincorporated community and census-designated place (CDP) in Fairfax County in Northern Virginia. McLean is home to many diplomats, military, members of Congress, and high-ranking government officials partially due to its proximity to Washington, D.C., The Pentagon and the Central Intelligence Agency. It is the location of Hickory Hill, the former home of Ethel Kennedy, the widow of Robert F. Kennedy. It is also the location of Salona, the former home of Light-Horse Harry Lee, the Revolutionary War hero. The community had an estimated total population of 53,673 in 2015, according to estimates prepared by the United States Census Bureau. It is located between the Potomac River and the town of Vienna. McLean is often distinguished by its luxury homes and its nearby high-profit shopping destinations: Tysons Corner Center and Tysons Galleria. The two McLean zip codes – 22101 and 22102 – are among the most expensive ZIP Codes in Virginia and the United States. In 2018, data from the American Community Survey revealed that McLean was the 3rd wealthiest city in the United States, based on its poverty rate of 2.6% and its median household income of $190,258. Capital One, Mars, Geebo, Booz Allen Hamilton, Freddie Mac, Hilton Worldwide, DynCorp and the Gannett Company are among the companies based in McLean, Virginia.[15] Many businesses in neighboring Tysons Corner, particularly those east of Leesburg Pike (VA Route 7) have a McLean mailing address, because the US Postal Service boundary for West McLean (ZIP Code 22102) generally follows Leesburg Pike.

As of 2012, 61.6% of the population over the age of 16 was in the labor force. 0.4% was in the armed forces, and 61.2% was in the civilian labor force with 58.4% employed and 2.9% unemployed. The occupational composition of the employed civilian labor force was: 73.2% in management, business, science, and arts; 17.9% in sales and office occupations; 5.5% in service occupations; 2.0% in natural resources, construction, and maintenance; 1.4% in production, transportation, and material moving. The three industries employing the largest percentages of the working

US Department of State

US Department of State

civilian labor force were: professional, scientific, and management, and administrative and waste management services (27.8%); educational services, health care, and social assistance (17.7%); and public administration (16.6%).[1]

The cost of living in McLean is very high; compared to a U.S. average of 100, the cost of living index for the community is 142.6. As of 2012, the median home value in the community was $908,000, the median selected monthly owner cost was $3,803 for housing units with a mortgage and $1,000+ for those without, and the median gross rent was $2,000+. – Wikipedia

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