28242 Fairway DrMelfaVA23410
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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 Melfa at 28242 Fairway Dr, Melfa, VA, 23410 uses $125,639 cash to close to unlock $29/yr annual cash flow and $2/mo monthly cash flow. Total monthly income runs $2,268/mo, and a $1,855/mo payment keeps the spread at $2/mo. Purchase price stands at $379,000, and rental yield measures 7.18% with $2,268/mo rent. Return on cash invested shows 19.93% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 102.71% and total cumulative return in cash records $129,047. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,268/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.92 Acres lot
$N/A/sqft
No HOA
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Listed by: Kathleen Weiner • COLDWELL BANKER HARBOUR REALTY
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64829
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