7418 Nancemond StSpringfieldVA22150
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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 7418 Nancemond St, Springfield, VA, 22150 offers a 6.25% rental yield on a $729,000 purchase with $3,799/mo rent. 26% in year one. Equity gained on principal adds $4,704/yr while 5% annual appreciation supports $201,409 over five years. Portfolio math shows five-year ROI at 88.36% and total cumulative return in cash at $211,920. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,799/mo property income against a $3,568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
10,850 sqft 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: Karen Hall • Foxtrot Company
Mls Name: Bright MLS
Mls ID: #VAFX2283872