2513 Cornell DrFredericksburgVA22408
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable, bankable, and well-priced, 2513 Cornell Dr, Fredericksburg, VA, 22408 in Fredericksburg delivers $4,192/mo in gross rent and $316/mo in net monthly income at a $640,000 entry. The 7.86% yield and 1.46 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $176,820 over five years and $5,894/yr in equity from loan paydown, total projected return is $265,659.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.8% |
| Monthly Cash Flow | $316 | $450 |
City averages based on Fredericksburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,192 |
| Total Monthly Debt Service | $3,571 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2013
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22408, Fredericksburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,027 (100%) |
| Owner Occupied HU | 9,112 (69.9%) |
| Renter Occupied HU | 3,319 (25.5%) |
| Vacant Housing Units | 596 ( 4.6%) |
| Median Home Value | $450,803 |
| Average Home Value | $486,389 |
Housing Distribution
Address Breakdown
Residential
12,323
Single Family
11,526
Multi-Family
797
Businesses
1,172
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
Single Family
Built in 2013
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22408, Fredericksburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,027 (100%) |
| Owner Occupied HU | 9,112 (69.9%) |
| Renter Occupied HU | 3,319 (25.5%) |
| Vacant Housing Units | 596 ( 4.6%) |
| Median Home Value | $450,803 |
| Average Home Value | $486,389 |
Housing Distribution
Address Breakdown
Residential
12,323
Single Family
11,526
Multi-Family
797
Businesses
1,172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #VASP2040342