11149 Philpott RdAltonVA24520
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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 Alton at 11149 Philpott Rd, Alton, VA, 24520 generates $1,777/mo in rent, after a $1,713/mo payment. Total monthly income is $1,777/mo. Return on cash invested sits at 16.65% in year one, and rental yield is 6.09% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 85.08% and total cumulative return in cash sums $98,714. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,777/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
36.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24520, Alton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,197 (100%) |
| Owner Occupied HU | 825 (68.9%) |
| Renter Occupied HU | 188 (15.7%) |
| Vacant Housing Units | 184 (15.4%) |
| Median Home Value | $171,082 |
| Average Home Value | $233,188 |
Housing Distribution
Address Breakdown
Residential
1,068
Single Family
1,068
Multi-Family
0
Businesses
41
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