7407 Kelvin PlSpringfieldVA22151
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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 7407 Kelvin Pl, Springfield, VA, 22151 generates $3,376/mo in rent, after a $3,524/mo payment. Total monthly income is $3,376/mo. Return on cash invested sits at 15.36% in year one, and rental yield is 5.63% on a $719,900 entry. Equity gained on principal adds $4,645/yr, while 5% annual appreciation builds toward $198,895 over five years. Five-year ROI reaches 78.14% and total cumulative return in cash sums $185,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,376/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22151, Springfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,759 (100%) |
| Owner Occupied HU | 4,617 (80.2%) |
| Renter Occupied HU | 969 (16.8%) |
| Vacant Housing Units | 173 ( 3.0%) |
| Median Home Value | $659,135 |
| Average Home Value | $701,714 |
Housing Distribution
Address Breakdown
Residential
5,863
Single Family
5,453
Multi-Family
410
Businesses
592
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Listed by: Kellie Plucinski • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #VAFX2278350