256 Summit Path, Franklin, VA, 23851 | 6.37% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Franklin at 256 Summit Path, Franklin, VA, 23851 priced at $224,990 converts $1,194/mo rent into after a $1,101/mo obligation. Total monthly income equals $1,194/mo. Return on cash invested prints 17.48% in year one, and rental yield reads 6.37% against a $224,990 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,161 by year five. Five-year ROI reaches 89.61% and total cumulative return in cash sums $66,834. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,194/mo property income covering a $1,101/mo payment, not borrower’s personal income.

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