107 Summit View LnFranklinVA23851
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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
Rental property for sale in Franklin at 107 Summit View Ln, Franklin, VA, 23851 priced at $238,105 converts $1,194/mo rent into after a $1,165/mo obligation. Total monthly income equals $1,194/mo. Return on cash invested prints 16.43% in year one, and rental yield reads 6.02% against a $238,105 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation compiles into $65,784 by year five. Five-year ROI reaches 83.96% and total cumulative return in cash sums $66,271. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,194/mo property income covering a $1,165/mo payment, not borrower’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23851, Franklin, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,565 (100%) |
| Owner Occupied HU | 3,506 (53.4%) |
| Renter Occupied HU | 2,212 (33.7%) |
| Vacant Housing Units | 847 (12.9%) |
| Median Home Value | $250,844 |
| Average Home Value | $266,895 |
Housing Distribution
Address Breakdown
Residential
6,184
Single Family
6,007
Multi-Family
177
Businesses
574
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