408 Sullivan DrFredericksburgVA22405
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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 408 Sullivan Dr, Fredericksburg, VA, 22405 offers $2,310/mo rent that, after a $1,762/mo payment, leaves $158/mo cash flow. Total monthly income is $2,310/mo, and annual cash flow is $1,896/yr on $119,340 cash. Return on cash invested measures 21.5% in year one, and rental yield stands at 7.7% at a $359,999 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 111.08% and total cumulative return in cash reaches $132,561. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,310/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22405, Fredericksburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,368 (100%) |
| Owner Occupied HU | 10,716 (80.2%) |
| Renter Occupied HU | 2,184 (16.3%) |
| Vacant Housing Units | 468 ( 3.5%) |
| Median Home Value | $471,593 |
| Average Home Value | $518,175 |
Housing Distribution
Address Breakdown
Residential
12,750
Single Family
12,570
Multi-Family
180
Businesses
629
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Listed by: Carol Moore • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #VAST2041460