3804 Fairway View DrRinerVA24149
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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 Riner at 3804 Fairway View Dr, Riner, VA, 24149 offers $3,104/mo rent that, after a $2,883/mo payment. Total monthly income is $3,104/mo. Return on cash invested measures 16.55% in year one, and rental yield stands at 6.32% at a $589,000 entry. Equity gained on principal adds $3,801/yr while 5% annual appreciation compounds into $162,730 by year five. Five-year ROI records 84.84% and total cumulative return in cash reaches $164,402. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,104/mo property income versus a $2,883/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$1,800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24149, Riner, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,481 (100%) |
| Owner Occupied HU | 1,170 (79.0%) |
| Renter Occupied HU | 169 (11.4%) |
| Vacant Housing Units | 142 ( 9.6%) |
| Median Home Value | $347,198 |
| Average Home Value | $361,970 |
Housing Distribution
Address Breakdown
Residential
1,474
Single Family
1,474
Multi-Family
0
Businesses
77
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Listed by: John Scalise • Alumni Real Estate
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #420178
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.