4320 Cannon Ridge Ct UNIT C, Fairfax, VA, 22033 | 7.98% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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4320 Cannon Ridge Ct UNIT C, Fairfax, VA, 22033 | 7.98% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Fairfax at 4320 Cannon Ridge Ct UNIT C, Fairfax, VA, 22033 priced at $439,900 converts $2,926/mo rent into after a $2,153/mo obligation. Total monthly income equals $2,926/mo. Return on cash invested prints 16.97% in year one, and rental yield reads 7.98% against a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,536 by year five. Five-year ROI reaches 88.78% and total cumulative return in cash sums $129,471. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,926/mo property income covering a $2,153/mo payment, not borrower’s personal income.

Condo

Built in 2000

N/A lot

$N/A/sqft

No HOA

More details about the property

Excellent Location!! FAIR LAKES COMMUNITY , Welcome to this quiet, cozy and spacious condo in Christopher at Cedar Lakes. This unit C has 1271 Sqft with 2 bedrooms, 2 baths in the roommate configuration. ( bedrooms on opposite side of the unit) From the moment you step inside, this home shines from top to bottom! The foyer welcomes you with custom LVP flooring that extends throughout, complementing the modern paint and stylish light fixtures. The stainless steel stove, refregerator, dishwasher and microwave were install in 2019. Granite counter tops, white cabinets and a pantry round out this wonderful kitchen. The master bedroom has a large walk-in closet , a spa-like full bath with soaking tub and shower. The second bedroom is complimented by a full bath. this bathroom has a double entry which serves guests and the second bedroom. RESERVED PARKING LOT is #50 which is infront of the condo main entrance. There is aboundant guest parking lot on the side and back of the building. This building is served by an elevator, this Unit C is located on 2nd floor. Community Amenites: Fitness center, swimming pool, Tennis court. The location is exceptional with easy access to restuarants, shopping , gloceries, Route 50, Lee Highway, Fairfax Countyarkway and Route 66.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22033, Fairfax, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,967 (100%)
Owner Occupied HU	10,139 (59.8%)
Renter Occupied HU	5,945 (35.0%)
Vacant Housing Units	883 ( 5.2%)
Median Home Value	$706,258
Average Home Value	$786,292