11040 Skipwith RdChase CityVA23924
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
Rental property for sale in Chase City at 11040 Skipwith Rd, Chase City, VA, 23924 generates $4,332/mo in rent, after a $5,384/mo payment. Total monthly income is $4,332/mo. Return on cash invested sits at 12.82% in year one, and rental yield is 4.73% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 64.43% and total cumulative return in cash sums $229,627. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,332/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
13.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23924, Chase City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 1,745 (57.6%) |
| Renter Occupied HU | 713 (23.5%) |
| Vacant Housing Units | 574 (18.9%) |
| Median Home Value | $143,473 |
| Average Home Value | $203,683 |
Housing Distribution
Address Breakdown
Residential
2,707
Single Family
2,630
Multi-Family
77
Businesses
218
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mitzi DeJarnette • Pointe Realty Group Kerr Lake
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71087
Disclaimer: Copyright Southern Piedmont Land & Lake Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.