8321 Terra Grande AveSpringfieldVA22153
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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 8321 Terra Grande Ave, Springfield, VA, 22153 generates $4,758/mo in rent, after a $4,062/mo payment. Total monthly income is $4,758/mo. Return on cash invested sits at 19.17% in year one, and rental yield is 6.88% on a $829,888 entry. Equity gained on principal adds $5,355/yr, while 5% annual appreciation builds toward $229,283 over five years. Five-year ROI reaches 98.55% and total cumulative return in cash sums $269,071. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,758/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
9,466 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22153, Springfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,659 (100%) |
| Owner Occupied HU | 9,068 (85.1%) |
| Renter Occupied HU | 1,290 (12.1%) |
| Vacant Housing Units | 301 ( 2.8%) |
| Median Home Value | $726,907 |
| Average Home Value | $756,308 |
Housing Distribution
Address Breakdown
Residential
10,807
Single Family
10,807
Multi-Family
0
Businesses
350
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Listed by: Peter Huynh • Westgate Realty Group, Inc.
Mls Name: Bright MLS
Mls ID: #VAFX2268904