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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fairfield at 80 Springridge Ln, Fairfield, VA, 24435 offers $2,730/mo rent that, after a $1,493/mo payment, leaves $907/mo cash flow. Total monthly income is $2,730/mo, and annual cash flow is $10,879/yr on $101,108 cash. Return on cash invested measures 30.67% in year one, and rental yield stands at 10.74% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 160.28% and total cumulative return in cash reaches $162,058. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,730/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24435, Fairfield, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 891 (100%) |
| Owner Occupied HU | 596 (66.9%) |
| Renter Occupied HU | 162 (18.2%) |
| Vacant Housing Units | 133 (14.9%) |
| Median Home Value | $254,762 |
| Average Home Value | $278,901 |
Residential
720
Single Family
720
Multi-Family
0
Businesses
67
Date | Event | Price |
|---|---|---|
| 2024-10-17 | Price change | $305,000 |
| 2024-09-09 | Price change | $319,900 |
| 2024-08-10 | Price change | $328,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | N/A | N/A | $280,100 | N/A |
| 2022-11-13 | N/A | N/A | $280,100 | 30.70% |
| 2021-11-13 | N/A | N/A | $214,300 | N/A |
What's Special
Unfinished
Listed by: Keri Martin • Old Dominion Realty
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138656
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Copyright 2024 Rockbridge Highland Realtors. All rights reserved.
