








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Fredericksburg at 1606 Charles St, Fredericksburg, VA, 22401 listed at $829,900 pairs $2,031/mo rent with a $4,062/mo payment. Total monthly income runs $2,031/mo. Return on cash invested measures 7.18% in year one, and rental yield registers 2.94% at a $829,900 basis. Equity gained on principal adds $5,355/yr, and annual property appreciation at 5% supports $229,286 by year five. Five-year ROI tracks 34.28% and total cumulative return in cash totals $93,599. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,031/mo property income relative to a $4,062/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1914
6,699 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22401, Fredericksburg, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,745 (100%) |
| Owner Occupied HU | 4,900 (38.4%) |
| Renter Occupied HU | 6,950 (54.5%) |
| Vacant Housing Units | 895 ( 7.0%) |
| Median Home Value | $526,110 |
| Average Home Value | $586,783 |
Residential
12,913
Single Family
10,215
Multi-Family
2,698
Businesses
1,816
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Denise Smith • Century 21 Redwood Realty
Mls Name: Bright MLS
Mls ID: #VAFB2008444