2 Basalt DrFredericksburgVA22406
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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 2 Basalt Dr, Fredericksburg, VA, 22406 listed at $589,000 pairs $3,874/mo rent with a $2,883/mo payment to leave $353/mo cash flow. Total monthly income runs $3,874/mo, and annual cash flow reaches $4,235/yr on $193,781 cash to close. Return on cash invested measures 22.25% in year one, and rental yield registers 7.89% at a $589,000 basis. Equity gained on principal adds $3,801/yr, and annual property appreciation at 5% supports $162,730 by year five. Five-year ROI tracks 115.06% and total cumulative return in cash totals $222,962. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,874/mo property income relative to a $2,883/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22406, Fredericksburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,783 (100%) |
| Owner Occupied HU | 7,841 (72.7%) |
| Renter Occupied HU | 2,572 (23.9%) |
| Vacant Housing Units | 370 ( 3.4%) |
| Median Home Value | $524,923 |
| Average Home Value | $558,865 |
Housing Distribution
Address Breakdown
Residential
10,589
Single Family
9,862
Multi-Family
727
Businesses
551
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Listed by: Bambi Jett • Porch & Stable Realty, LLC
Mls Name: Bright MLS
Mls ID: #VAST2044916