121 Penny LnGreenvilleVA24440
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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
Rental property for sale in Greenville at 121 Penny Ln, Greenville, VA, 24440 priced at $605,000 converts $3,132/mo rent into after a $2,961/mo obligation. Total monthly income equals $3,132/mo. Return on cash invested prints 17.14% in year one, and rental yield reads 6.21% against a $605,000 entry. Equity gained on principal adds $3,904/yr, while 5% annual appreciation compiles into $167,150 by year five. Five-year ROI reaches 87.69% and total cumulative return in cash sums $174,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,132/mo property income covering a $2,961/mo payment, not borrower’s personal income.
Single Family
Built in 1988
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24440, Greenville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,068 (100%) |
| Owner Occupied HU | 841 (78.7%) |
| Renter Occupied HU | 143 (13.4%) |
| Vacant Housing Units | 84 ( 7.9%) |
| Median Home Value | $346,618 |
| Average Home Value | $375,256 |
Housing Distribution
Address Breakdown
Residential
964
Single Family
964
Multi-Family
0
Businesses
32
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Listed by: MATTHEW FALLS • RE/MAX ADVANTAGE-WAYNESBORO
Mls Name: CAAR
Mls Provider:
Mls ID: #665797