7419 Farnum StSpringfieldVA22151
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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 7419 Farnum St, Springfield, VA, 22151 offers a 9.32% rental yield on a $555,000 purchase with $4,312/mo rent. Total monthly income registers $4,312/mo, and a $2,716/mo payment leaves $995/mo available for distribution. Annual cash flow reaches $11,937/yr on $182,595 to close, and return on cash invested stands at 26.6% in year one. Equity gained on principal adds $3,581/yr while 5% annual appreciation supports $153,336 over five years. Portfolio math shows five-year ROI at 138.4% and total cumulative return in cash at $252,704. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,312/mo property income against a $2,716/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.25 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: Laticia Headings • Corcoran McEnearney
Mls Name: Bright MLS
Mls ID: #VAFX2276442