7096 Spring Garden Dr APT 104SpringfieldVA22150
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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 7096 Spring Garden Dr APT 104, Springfield, VA, 22150 listed at $299,000 pairs $2,645/mo rent with a $1,463/mo payment to leave $858/mo cash flow. Total monthly income runs $2,645/mo, and annual cash flow reaches $10,297/yr on $99,119 cash to close. Return on cash invested measures 30.3% in year one, and rental yield registers 10.62% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 158.32% and total cumulative return in cash totals $156,922. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,645/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1964
N/A 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: Jon Gift • Samson Properties
Mls Name: Bright MLS
Mls ID: #VAFX2264732