1010 Billys LnHalifaxVA24558
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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 Halifax at 1010 Billys Ln, Halifax, VA, 24558 generates $1,445/mo in rent and, after a $881/mo payment, leaves $369/mo in cash flow. Total monthly income is $1,445/mo, and annual cash flow is $4,428/yr on $59,670 invested. Return on cash invested sits at 27.33% in year one, and rental yield is 9.63% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 142.35% and total cumulative return in cash sums $84,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,445/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24558, Halifax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,380 (100%) |
| Owner Occupied HU | 2,192 (64.9%) |
| Renter Occupied HU | 731 (21.6%) |
| Vacant Housing Units | 457 (13.5%) |
| Median Home Value | $165,402 |
| Average Home Value | $221,179 |
Housing Distribution
Address Breakdown
Residential
2,595
Single Family
2,567
Multi-Family
28
Businesses
205
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