112 Laprade StBrooknealVA24528
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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 Brookneal at 112 Laprade St, Brookneal, VA, 24528 offers a 8.48% rental yield on a $198,000 purchase with $1,400/mo rent. Total monthly income registers $1,400/mo, and a $969/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,598/yr on $65,637 to close, and return on cash invested stands at 23.87% in year one. Equity gained on principal adds $1,278/yr while 5% annual appreciation supports $54,704 over five years. Portfolio math shows five-year ROI at 123.83% and total cumulative return in cash at $81,280. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,400/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24528, Brookneal, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,545 (100%) |
| Owner Occupied HU | 927 (60.0%) |
| Renter Occupied HU | 321 (20.8%) |
| Vacant Housing Units | 297 (19.2%) |
| Median Home Value | $144,515 |
| Average Home Value | $226,435 |
Housing Distribution
Address Breakdown
Residential
1,211
Single Family
1,211
Multi-Family
0
Businesses
120
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