117 Scott StFranklinVA23851
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 Franklin at 117 Scott St, Franklin, VA, 23851 offers $2,478/mo rent that, after a $1,601/mo payment, leaves $523/mo cash flow. Total monthly income is $2,478/mo, and annual cash flow is $6,273/yr on $108,401 cash. Return on cash invested measures 25.7% in year one, and rental yield stands at 9.09% at a $327,000 entry. Equity gained on principal adds $2,110/yr while 5% annual appreciation compounds into $90,344 by year five. Five-year ROI records 133.6% and total cumulative return in cash reaches $144,821. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,478/mo property income versus a $1,601/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23851, Franklin, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,565 (100%) |
| Owner Occupied HU | 3,506 (53.4%) |
| Renter Occupied HU | 2,212 (33.7%) |
| Vacant Housing Units | 847 (12.9%) |
| Median Home Value | $250,844 |
| Average Home Value | $266,895 |
Housing Distribution
Address Breakdown
Residential
6,184
Single Family
6,007
Multi-Family
177
Businesses
574
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