6507 Byron AveSpringfieldVA22150
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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 Springfield at 6507 Byron Ave, Springfield, VA, 22150 generates $4,570/mo in rent and, after a $3,230/mo payment, leaves $625/mo in cash flow. Total monthly income is $4,570/mo, and annual cash flow is $7,500/yr on $217,140 invested. Return on cash invested sits at 23.51% in year one, and rental yield is 8.31% on a $660,000 entry. Equity gained on principal adds $4,259/yr, while 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 121.85% and total cumulative return in cash sums $264,585. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,570/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22150, Springfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,368 (100%) |
| Owner Occupied HU | 5,654 (60.4%) |
| Renter Occupied HU | 3,219 (34.4%) |
| Vacant Housing Units | 495 ( 5.3%) |
| Median Home Value | $697,287 |
| Average Home Value | $792,043 |
Housing Distribution
Address Breakdown
Residential
9,218
Single Family
6,617
Multi-Family
2,601
Businesses
1,248
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Listed by: Carmella Tritt • Berkshire Hathaway HomeServices PenFed Realty
Mls Name: Bright MLS
Mls ID: #VAFX2275538