681 Fairfax WayWilliamsburgVA23185
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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 Williamsburg at 681 Fairfax Way, Williamsburg, VA, 23185 generates $3,919/mo in rent, after a $4,038/mo payment. Total monthly income is $3,919/mo. Return on cash invested sits at 15.58% in year one, and rental yield is 5.7% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 79.34% and total cumulative return in cash sums $215,337. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,919/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.47 Acres lot
$N/A/sqft
No 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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Listed by: Kathy K Keene • CHJ Realty, Inc.
Mls Name: WMLS
Mls ID: #2600102