385 Lakeland LnFaberVA22938
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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 Faber at 385 Lakeland Ln, Faber, VA, 22938 priced at $220,000 converts $1,547/mo rent into $232/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,547/mo, and annual cash flow totals $2,780/yr on $72,930 invested. Return on cash invested prints 23.72% in year one, and rental yield reads 8.44% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 123.01% and total cumulative return in cash sums $89,711. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,547/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1998
2.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22938, Faber, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 700 (100%) |
| Owner Occupied HU | 475 (67.9%) |
| Renter Occupied HU | 127 (18.1%) |
| Vacant Housing Units | 98 (14.0%) |
| Median Home Value | $445,604 |
| Average Home Value | $563,853 |
Housing Distribution
Address Breakdown
Residential
647
Single Family
647
Multi-Family
0
Businesses
14
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