200 Summit PathFranklinVA23851
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 200 Summit Path, Franklin, VA, 23851 priced at $255,250 pairs $1,194/mo rent with after a $1,249/mo payment. Total monthly income equals $1,194/mo. Return on cash invested is 15.21% in year one, and rental yield stands at 5.61% on a $255,250 basis. Equity gained on principal adds $1,647/yr, and 5% annual appreciation accumulates to $70,521 by year five. Five-year ROI measures 77.38% and total cumulative return in cash reaches $65,474. For financing, Ziffy Mortgage’s DSCR program evaluates $1,194/mo property income against a $1,249/mo payment instead of your W2s, 1099s, or Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices