30047 Millfield RdWakefieldVA23888
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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 Wakefield at 30047 Millfield Rd, Wakefield, VA, 23888 uses $251,024 cash to close to unlock $4,001/yr annual cash flow and $333/mo monthly cash flow. Total monthly income runs $4,894/mo, and a $3,734/mo payment keeps the spread at $333/mo. Purchase price stands at $762,990, and rental yield measures 7.7% with $4,894/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $210,800 over five years. Five-year ROI reaches 111.89% and total cumulative return in cash records $280,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,894/mo property income covering a $3,734/mo payment rather than investor’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23888, Wakefield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,129 (100%) |
| Owner Occupied HU | 688 (60.9%) |
| Renter Occupied HU | 257 (22.8%) |
| Vacant Housing Units | 184 (16.3%) |
| Median Home Value | $209,756 |
| Average Home Value | $228,623 |
Housing Distribution
Address Breakdown
Residential
790
Single Family
790
Multi-Family
0
Businesses
87
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