53 Fairfield AveDanvilleVA24541
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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 Danville at 53 Fairfield Ave, Danville, VA, 24541 generates $823/mo in rent and, after a $514/mo payment, leaves $195/mo in cash flow. Total monthly income is $823/mo, and annual cash flow is $2,343/yr on $34,808 invested. Return on cash invested sits at 26.64% in year one, and rental yield is 9.41% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 138.77% and total cumulative return in cash sums $48,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $823/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24541, Danville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,208 (100%) |
| Owner Occupied HU | 6,545 (46.1%) |
| Renter Occupied HU | 5,578 (39.3%) |
| Vacant Housing Units | 2,085 (14.7%) |
| Median Home Value | $162,672 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
13,028
Single Family
11,668
Multi-Family
1,360
Businesses
943
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