6903 Spelman DrSpringfieldVA22153
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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
Investment property for sale in Springfield at 6903 Spelman Dr, Springfield, VA, 22153 offers a 6.7% rental yield on a $849,950 purchase with $4,747/mo rent. 63% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,826 over five years. Portfolio math shows five-year ROI at 95.66% and total cumulative return in cash at $267,510. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,747/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22153, Springfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,659 (100%) |
| Owner Occupied HU | 9,068 (85.1%) |
| Renter Occupied HU | 1,290 (12.1%) |
| Vacant Housing Units | 301 ( 2.8%) |
| Median Home Value | $726,907 |
| Average Home Value | $756,308 |
Housing Distribution
Address Breakdown
Residential
10,807
Single Family
10,807
Multi-Family
0
Businesses
350
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Listed by: Lizzie Helmig • Metro House
Mls Name: Bright MLS
Mls ID: #VAFX2258686