8 Olympic DrFredericksburgVA22408
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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 Fredericksburg at 8 Olympic Dr, Fredericksburg, VA, 22408 with 5% annual appreciation on a $365,000 basis while $2,509/mo rent supports operations. Total monthly income totals $2,509/mo and a $1,786/mo payment preserves $328/mo for cash returns. Annual cash flow comes to $3,931/yr on $120,998 deployed, and return on cash invested reaches 23.16% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,843 alongside rental yield of 8.25%. Five-year ROI measures 120% and total cumulative return in cash totals $145,195.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,509/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22408, Fredericksburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,027 (100%) |
| Owner Occupied HU | 9,112 (69.9%) |
| Renter Occupied HU | 3,319 (25.5%) |
| Vacant Housing Units | 596 ( 4.6%) |
| Median Home Value | $450,803 |
| Average Home Value | $486,389 |
Housing Distribution
Address Breakdown
Residential
12,323
Single Family
11,526
Multi-Family
797
Businesses
1,172
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Listed by: Andrea Lovelace • Realty One Group Key Properties
Mls Name: Bright MLS
Mls ID: #VASP2035256