120 N Main St, Amherst, VA, 24521 | $334/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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120 N Main St, Amherst, VA, 24521 | $334/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Amherst at 120 N Main St, Amherst, VA, 24521 generates $2,664/mo in rent and, after a $1,908/mo payment, leaves $334/mo in cash flow. Total monthly income is $2,664/mo, and annual cash flow is $4,003/yr on $129,252 invested. Return on cash invested sits at 23.01% in year one, and rental yield is 8.2% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 119.18% and total cumulative return in cash sums $154,045. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,664/mo property income rather than buyer’s personal income.

Single Family

Built in 1889

0.90 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautifully renovated home exudes old home feel while offering all the modern updates you're looking for. The main level boasts an open layout anchored by a two-sided electric fireplace that warms both the living and dining rooms. The kitchen is a dream with stainless steel appliances, a long center island, and open shelving that adds a touch of farmhouse flair. A versatile bonus room on the main levelcurrently used as a playroomcould easily be transformed into a home office or hobby space. With 3 bedrooms upstairs, including a spacious primary suite featuring a large walk-in closet and en-suite bathroom, this home is designed with comfort in mind. Enjoy the outdoors with a cozy covered side porch, perfect for quiet mornings, and a large back patio that's ideal for entertaining friends and family. All of this is within walking distance to schools, shopping, local restaurants, and moremaking it the perfect blend of small-town convenience and timeless southern charm.

Neighborhood Data

Neighborhood data shown for ZIP Code: 24521, Amherst, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,778 (100%)
Owner Occupied HU	3,339 (69.9%)
Renter Occupied HU	856 (17.9%)
Vacant Housing Units	583 (12.2%)
Median Home Value	$291,324
Average Home Value	$363,179