51 Fairway Villa DrFancy GapVA24328
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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 Fancy Gap at 51 Fairway Villa Dr, Fancy Gap, VA, 24328 priced at $239,900 converts $1,200/mo rent into after a $1,174/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 16.38% in year one, and rental yield reads 6% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 83.68% and total cumulative return in cash sums $66,547. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Condo
Built in 1996
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24328, Fancy Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 774 (44.9%) |
| Renter Occupied HU | 160 ( 9.3%) |
| Vacant Housing Units | 791 (45.9%) |
| Median Home Value | $166,296 |
| Average Home Value | $202,775 |
Housing Distribution
Address Breakdown
Residential
1,172
Single Family
1,172
Multi-Family
0
Businesses
64
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