1602 Fairview RdDuffieldVA24244
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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 Duffield at 1602 Fairview Rd, Duffield, VA, 24244 generates $1,480/mo in rent and, after a $979/mo payment, leaves $284/mo in cash flow. Total monthly income is $1,480/mo, and annual cash flow is $3,412/yr on $66,300 invested. Return on cash invested sits at 25.06% in year one, and rental yield is 8.88% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 130.2% and total cumulative return in cash sums $86,324. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,480/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
9.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24244, Duffield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,688 (100%) |
| Owner Occupied HU | 1,702 (63.3%) |
| Renter Occupied HU | 431 (16.0%) |
| Vacant Housing Units | 555 (20.6%) |
| Median Home Value | $135,870 |
| Average Home Value | $185,570 |
Housing Distribution
Address Breakdown
Residential
2,228
Single Family
2,228
Multi-Family
0
Businesses
112
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