1136 Log Manor RdSpencerVA24165
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
Investment property for sale in Spencer at 1136 Log Manor Rd, Spencer, VA, 24165 uses $33,482 cash to close to unlock $2,407/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $804/mo, and a $494/mo payment keeps the spread at $201/mo. Purchase price stands at $101,000, and rental yield measures 9.55% with $804/mo rent. Return on cash invested shows 27.1% in year one, and 5% annual appreciation builds toward $27,904 over five years. Five-year ROI reaches 141.16% and total cumulative return in cash records $47,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $804/mo property income covering a $494/mo payment rather than investor’s personal income.
Single Family
Built in 1940
17.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24165, Spencer, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 747 (100%) |
| Owner Occupied HU | 493 (66.0%) |
| Renter Occupied HU | 128 (17.1%) |
| Vacant Housing Units | 126 (16.9%) |
| Median Home Value | $163,032 |
| Average Home Value | $223,245 |
Housing Distribution
Address Breakdown
Residential
714
Single Family
714
Multi-Family
0
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices