10600 Wakeman DrFredericksburgVA22407
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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 Fredericksburg at 10600 Wakeman Dr, Fredericksburg, VA, 22407 uses $112,677 cash to close to unlock $9,213/yr annual cash flow and $768/mo monthly cash flow. Total monthly income runs $2,800/mo, and a $1,664/mo payment keeps the spread at $768/mo. Purchase price stands at $339,900, and rental yield measures 9.89% with $2,800/mo rent. Return on cash invested shows 28.09% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 146.4% and total cumulative return in cash records $164,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,800/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Townhouse
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22407, Fredericksburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,359 (100%) |
| Owner Occupied HU | 17,960 (70.8%) |
| Renter Occupied HU | 6,260 (24.7%) |
| Vacant Housing Units | 1,139 ( 4.5%) |
| Median Home Value | $455,376 |
| Average Home Value | $499,155 |
Housing Distribution
Address Breakdown
Residential
23,817
Single Family
21,638
Multi-Family
2,179
Businesses
1,223
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Listed by: Tonya Szakelyhidi • Lorac Property Management, Inc.
Mls Name: Bright MLS
Mls ID: #VASP2036038