1112 Altice Mill RdRocky MountVA24151
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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 Rocky Mount at 1112 Altice Mill Rd, Rocky Mount, VA, 24151 generates $1,598/mo in rent and, after a $1,272/mo payment, leaves $44/mo in cash flow. Total monthly income is $1,598/mo, and annual cash flow is $533/yr on $86,173 invested. Return on cash invested sits at 20.53% in year one, and rental yield is 7.38% on a $259,950 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,819 over five years. Five-year ROI reaches 105.92% and total cumulative return in cash sums $91,274. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,598/mo property income rather than buyer’s personal income.
Manufactured
Built in 1998
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
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Listed by: ALYSIA S CRENSHAW • WAINWRIGHT & CO., REALTORS(r)
Mls Name: RVAR
Mls ID: #920395