516 Fairfax WayWilliamsburgVA23185
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
Investment Highlights
Investment property for sale in Williamsburg at 516 Fairfax Way, Williamsburg, VA, 23185 at $669,000 posts ROI 20.98% with $169/mo cash flow from $4,370/mo rent. Total monthly income equals $4,370/mo, and annual cash flow records $2,031/yr on $220,101 to close. Return on cash invested measures 20.98% and rental yield reads 7.84% at the current $669,000. Equity gained on principal adds $4,317/yr, and 5% annual appreciation supports $184,832 by year five. Five-year ROI prints 108.7% and total cumulative return in cash totals $239,247.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,370/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1987
0.42 Acres lot
$N/A/sqft
$202 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23185, Williamsburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,416 (100%) |
| Owner Occupied HU | 14,446 (61.7%) |
| Renter Occupied HU | 6,571 (28.1%) |
| Vacant Housing Units | 2,399 (10.2%) |
| Median Home Value | $462,783 |
| Average Home Value | $556,229 |
Housing Distribution
Address Breakdown
Residential
21,874
Single Family
19,466
Multi-Family
2,408
Businesses
1,505
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Nearby investment properties with comparable prices
Listed by: Helen Hollowell • Howard Hanna William E. Wood
Mls Name: WMLS
Mls Provider:
Mls ID: #2401975
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the WMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firms. 2024 WMLS. All rights reserved.