220 Fairfax AveColonial HeightsVA23834
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
Investment property for sale in Colonial Heights at 220 Fairfax Ave, Colonial Heights, VA, 23834 at $324,900 posts ROI 19.96% with $5/mo cash flow from $1,947/mo rent. Total monthly income equals $1,947/mo, and annual cash flow records $60/yr on $107,704 to close. Return on cash invested measures 19.96% and rental yield reads 7.19% at the current $324,900. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,764 by year five. Five-year ROI prints 102.91% and total cumulative return in cash totals $110,837.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,947/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1937
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23834, Colonial Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,722 (100%) |
| Owner Occupied HU | 7,589 (64.7%) |
| Renter Occupied HU | 3,580 (30.5%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $282,958 |
| Average Home Value | $320,515 |
Housing Distribution
Address Breakdown
Residential
10,969
Single Family
10,865
Multi-Family
104
Businesses
1,263
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Listed by: Amanda Wilkinson • Long & Foster
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2509343
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.