1059 Fairview DrBig IslandVA24526
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Big Island at 1059 Fairview Dr, Big Island, VA, 24526 with 5% annual appreciation on a $389,000 basis while $2,114/mo rent supports operations. 94% in year one. Equity gained on principal adds $2,510/yr, and five-year appreciation sums $107,474 alongside rental yield of 6.52%. Five-year ROI measures 92.03% and total cumulative return in cash totals $118,674. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,114/mo property income versus a $1,904/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24526, Big Island, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 733 (100%) |
| Owner Occupied HU | 523 (71.4%) |
| Renter Occupied HU | 79 (10.8%) |
| Vacant Housing Units | 131 (17.9%) |
| Median Home Value | $382,971 |
| Average Home Value | $537,376 |
Housing Distribution
Address Breakdown
Residential
629
Single Family
629
Multi-Family
0
Businesses
29
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Listed by: JOHN VINCENT PEREZ • MOSSY OAK PROPERTIES LAND & FARMS REALTY
Mls Name: RVAR
Mls ID: #922996