94 Lake DrLancasterVA22503
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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 Lancaster at 94 Lake Dr, Lancaster, VA, 22503 priced at $389,000 converts $2,394/mo rent into $69/mo cash flow after a $1,904/mo obligation. Total monthly income equals $2,394/mo, and annual cash flow totals $823/yr on $128,954 invested. Return on cash invested prints 20.55% in year one, and rental yield reads 7.39% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 106% and total cumulative return in cash sums $136,686. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1972
2.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22503, Lancaster, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,877 (100%) |
| Owner Occupied HU | 1,619 (56.3%) |
| Renter Occupied HU | 292 (10.1%) |
| Vacant Housing Units | 966 (33.6%) |
| Median Home Value | $340,734 |
| Average Home Value | $399,256 |
Housing Distribution
Address Breakdown
Residential
2,139
Single Family
2,139
Multi-Family
0
Businesses
80
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