3053 Canal RdFarnhamVA22460
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
Investment Highlights
Investment property for sale in Farnham at 3053 Canal Rd, Farnham, VA, 22460 listed at $190,500 pairs $2,034/mo rent with a $932/mo payment to leave $896/mo cash flow. Total monthly income runs $2,034/mo, and annual cash flow reaches $10,747/yr on $63,151 cash to close. Return on cash invested measures 36.93% in year one, and rental yield registers 12.81% at a $190,500 basis. Equity gained on principal adds $1,229/yr, and annual property appreciation at 5% supports $52,632 by year five. Five-year ROI tracks 193.84% and total cumulative return in cash totals $122,413. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,034/mo property income relative to a $932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22460, Farnham, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,089 (100%) |
| Owner Occupied HU | 585 (53.7%) |
| Renter Occupied HU | 188 (17.3%) |
| Vacant Housing Units | 316 (29.0%) |
| Median Home Value | $266,593 |
| Average Home Value | $311,872 |
Housing Distribution
Address Breakdown
Residential
854
Single Family
854
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices