117 Highland RdGretnaVA24557
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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 Gretna at 117 Highland Rd, Gretna, VA, 24557 uses $87,814 cash to close to unlock $13,440/yr annual cash flow and $1,120/mo monthly cash flow. Total monthly income runs $2,704/mo, and a $1,297/mo payment keeps the spread at $1,120/mo. Purchase price stands at $264,900, and rental yield measures 12.25% with $2,704/mo rent. Return on cash invested shows 35.21% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 184.71% and total cumulative return in cash records $162,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,704/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24557, Gretna, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,812 (100%) |
| Owner Occupied HU | 2,466 (64.7%) |
| Renter Occupied HU | 817 (21.4%) |
| Vacant Housing Units | 529 (13.9%) |
| Median Home Value | $130,124 |
| Average Home Value | $166,033 |
Housing Distribution
Address Breakdown
Residential
3,090
Single Family
3,090
Multi-Family
0
Businesses
166
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Listed by: Pamela Betterton • RAMSEY YEATTS & ASSOCIATES, REALTORS
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74250
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.