1027 Sheppard Mill RdSpencerVA24165
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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
Investment property for sale in Spencer at 1027 Sheppard Mill Rd, Spencer, VA, 24165 uses $59,670 cash to close to unlock $7,884/yr annual cash flow and $657/mo monthly cash flow. Total monthly income runs $1,733/mo, and a $881/mo payment keeps the spread at $657/mo. Purchase price stands at $180,000, and rental yield measures 11.55% with $1,733/mo rent. Return on cash invested shows 33.12% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 173.4% and total cumulative return in cash records $103,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,733/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1920
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24165, Spencer, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 747 (100%) |
| Owner Occupied HU | 493 (66.0%) |
| Renter Occupied HU | 128 (17.1%) |
| Vacant Housing Units | 126 (16.9%) |
| Median Home Value | $163,032 |
| Average Home Value | $223,245 |
Housing Distribution
Address Breakdown
Residential
714
Single Family
714
Multi-Family
0
Businesses
36
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