2998 Fairport RdReedvilleVA22539
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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
Rental property for sale in Reedville at 2998 Fairport Rd, Reedville, VA, 22539 priced at $749,000 converts $2,414/mo rent into after a $3,666/mo obligation. Total monthly income equals $2,414/mo. Return on cash invested prints 10.01% in year one, and rental yield reads 3.87% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 49.45% and total cumulative return in cash sums $121,864. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,414/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in 1973
5.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22539, Reedville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,076 (100%) |
| Owner Occupied HU | 971 (46.8%) |
| Renter Occupied HU | 129 ( 6.2%) |
| Vacant Housing Units | 976 (47.0%) |
| Median Home Value | $426,520 |
| Average Home Value | $491,202 |
Housing Distribution
Address Breakdown
Residential
1,358
Single Family
1,358
Multi-Family
0
Businesses
63
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