405 Fairfax AveRichlandsVA24641
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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 Richlands at 405 Fairfax Ave, Richlands, VA, 24641 offers a 0% rental yield on a $114,900 purchase with $0/mo rent. 72% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24641, Richlands, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,968 (100%) |
| Owner Occupied HU | 1,621 (54.6%) |
| Renter Occupied HU | 866 (29.2%) |
| Vacant Housing Units | 481 (16.2%) |
| Median Home Value | $116,716 |
| Average Home Value | $164,860 |
Housing Distribution
Address Breakdown
Residential
2,426
Single Family
2,389
Multi-Family
37
Businesses
345
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No similar rental properties found nearby.
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