306 Pitt StFredericksburgVA22401
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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 Fredericksburg at 306 Pitt St, Fredericksburg, VA, 22401 priced at $379,999 converts $2,089/mo rent into after a $1,860/mo obligation. Total monthly income equals $2,089/mo. Return on cash invested prints 18.17% in year one, and rental yield reads 6.6% against a $379,999 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,987 by year five. Five-year ROI reaches 93.25% and total cumulative return in cash sums $117,468. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,089/mo property income covering a $1,860/mo payment, not borrower’s personal income.
Single Family
Built in 1939
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22401, Fredericksburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,745 (100%) |
| Owner Occupied HU | 4,900 (38.4%) |
| Renter Occupied HU | 6,950 (54.5%) |
| Vacant Housing Units | 895 ( 7.0%) |
| Median Home Value | $526,110 |
| Average Home Value | $586,783 |
Housing Distribution
Address Breakdown
Residential
12,913
Single Family
10,215
Multi-Family
2,698
Businesses
1,816
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Listed by: Jay Parrish • Coldwell Banker Elite
Mls Name: Bright MLS
Mls ID: #VAFB2009006