116 Blue Heron DrSurryVA23883
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
Rental property for sale in Surry at 116 Blue Heron Dr, Surry, VA, 23883 priced at $574,900 converts $3,648/mo rent into $201/mo cash flow after a $2,814/mo obligation. Total monthly income equals $3,648/mo, and annual cash flow totals $2,414/yr on $189,142 invested. Return on cash invested prints 21.34% in year one, and rental yield reads 7.61% against a $574,900 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,834 by year five. Five-year ROI reaches 110.23% and total cumulative return in cash sums $208,491. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,648/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 2002
2.47 Acres lot
$N/A/sqft
$10 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23883, Surry, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 822 (68.6%) |
| Renter Occupied HU | 163 (13.6%) |
| Vacant Housing Units | 214 (17.8%) |
| Median Home Value | $330,488 |
| Average Home Value | $374,051 |
Housing Distribution
Address Breakdown
Residential
961
Single Family
961
Multi-Family
0
Businesses
107
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Nearby investment properties with comparable prices
Listed by: Trish Edwards • RE/MAX Prime
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10586244
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