70 Spring Ridge LnFairfieldVA24435
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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 Fairfield at 70 Spring Ridge Ln, Fairfield, VA, 24435 listed at $350,000 pairs $2,586/mo rent with a $1,713/mo payment to leave $477/mo cash flow. Total monthly income runs $2,586/mo, and annual cash flow reaches $5,726/yr on $116,025 cash to close. Return on cash invested measures 24.84% in year one, and rental yield registers 8.87% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 129.12% and total cumulative return in cash totals $149,810. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,586/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2013
0.61 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24435, Fairfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 891 (100%) |
| Owner Occupied HU | 596 (66.9%) |
| Renter Occupied HU | 162 (18.2%) |
| Vacant Housing Units | 133 (14.9%) |
| Median Home Value | $254,762 |
| Average Home Value | $278,901 |
Housing Distribution
Address Breakdown
Residential
720
Single Family
720
Multi-Family
0
Businesses
67
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