491 Fairmont DrBassettVA24055
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 491 Fairmont Dr, Bassett, VA, 24055 in Bassett at $165,000 earns $1,169/mo in rent and nets $182/mo after the $742/mo payment, a 8.5% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $45,586 over five years. Ziffy Mortgage underwrites this on a 1.58 DSCR without U.S. credit history. With $1,520/yr in principal paydown, total projected return reaches $74,198.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $182 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,169 |
| Total Monthly Debt Service | $921 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
3.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24055, Bassett, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,207 (100%) |
| Owner Occupied HU | 4,100 (66.1%) |
| Renter Occupied HU | 1,206 (19.4%) |
| Vacant Housing Units | 901 (14.5%) |
| Median Home Value | $117,390 |
| Average Home Value | $168,245 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,523
Multi-Family
0
Businesses
235
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1961
3.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24055, Bassett, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,207 (100%) |
| Owner Occupied HU | 4,100 (66.1%) |
| Renter Occupied HU | 1,206 (19.4%) |
| Vacant Housing Units | 901 (14.5%) |
| Median Home Value | $117,390 |
| Average Home Value | $168,245 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,523
Multi-Family
0
Businesses
235
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices