1002 Morning Side DrBassettVA24055
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Nearby investment properties with comparable prices
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 Bassett at 1002 Morning Side Dr, Bassett, VA, 24055 offers a 6.76% rental yield on a $189,900 purchase with $1,070/mo rent. 68% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 95.99% and total cumulative return in cash at $60,425. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,070/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1754
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24055, Bassett, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,207 (100%) |
| Owner Occupied HU | 4,100 (66.1%) |
| Renter Occupied HU | 1,206 (19.4%) |
| Vacant Housing Units | 901 (14.5%) |
| Median Home Value | $117,390 |
| Average Home Value | $168,245 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,523
Multi-Family
0
Businesses
235
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