15 Saint Patrick StFredericksburgVA22407
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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 Fredericksburg at 15 Saint Patrick St, Fredericksburg, VA, 22407 priced at $440,000 converts $2,921/mo rent into $290/mo cash flow after a $2,154/mo obligation. Total monthly income equals $2,921/mo, and annual cash flow totals $3,484/yr on $145,860 invested. Return on cash invested prints 22.3% in year one, and rental yield reads 7.97% against a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 115.39% and total cumulative return in cash sums $168,310. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,921/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.42 Acres 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: Kelly Walker • Berkshire Hathaway HomeServices PenFed Realty
Mls Name: Bright MLS
Mls ID: #VASP2036466