1078 Myers RdHalifaxVA24558
Nearby investment properties with comparable rents
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 Halifax at 1078 Myers Rd, Halifax, VA, 24558 offers a 9.18% rental yield on a $187,000 purchase with $1,431/mo rent. Total monthly income registers $1,431/mo, and a $915/mo payment leaves $313/mo available for distribution. Annual cash flow reaches $3,761/yr on $61,991 to close, and return on cash invested stands at 25.98% in year one. Equity gained on principal adds $1,207/yr while 5% annual appreciation supports $51,665 over five years. Portfolio math shows five-year ROI at 135.15% and total cumulative return in cash at $83,778. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,431/mo property income against a $915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.40 Acres 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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