1077 N Independence DrMontrossVA22520
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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 Montross at 1077 N Independence Dr, Montross, VA, 22520 generates $2,160/mo in rent, after a $2,643/mo payment. Total monthly income is $2,160/mo. Return on cash invested sits at 12.85% in year one, and rental yield is 4.8% on a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 64.66% and total cumulative return in cash sums $114,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22520, Montross, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,492 (100%) |
| Owner Occupied HU | 1,977 (56.6%) |
| Renter Occupied HU | 530 (15.2%) |
| Vacant Housing Units | 985 (28.2%) |
| Median Home Value | $318,399 |
| Average Home Value | $365,102 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,696
Multi-Family
2
Businesses
193
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