111 Old Pike LnIndependenceVA24348
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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 Independence at 111 Old Pike Ln, Independence, VA, 24348 listed at $425,000 pairs $2,777/mo rent with a $2,080/mo payment to leave $237/mo cash flow. Total monthly income runs $2,777/mo, and annual cash flow reaches $2,839/yr on $140,888 cash to close. Return on cash invested measures 21.92% in year one, and rental yield registers 7.84% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 113.38% and total cumulative return in cash totals $159,737. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,777/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
7.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24348, Independence, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,235 (55.5%) |
| Renter Occupied HU | 393 (17.7%) |
| Vacant Housing Units | 598 (26.9%) |
| Median Home Value | $164,875 |
| Average Home Value | $254,006 |
Housing Distribution
Address Breakdown
Residential
1,807
Single Family
1,807
Multi-Family
0
Businesses
154
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Listed by: Cheryl Mitchell • Foxfire Realtors Inc
Mls Name: SWVAR
Mls ID: #100911