121 Spring StRich CreekVA24124
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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 Rich Creek at 121 Spring St, Rich Creek, VA, 24124 offers a 12.27% rental yield on a $203,500 purchase with $2,080/mo rent. Total monthly income registers $2,080/mo, and a $996/mo payment leaves $864/mo available for distribution. Annual cash flow reaches $10,362/yr on $67,460 to close, and return on cash invested stands at 35.27% in year one. Equity gained on principal adds $1,313/yr while 5% annual appreciation supports $56,223 over five years. Portfolio math shows five-year ROI at 184.97% and total cumulative return in cash at $124,779. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,080/mo property income against a $996/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24124, Narrows, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,193 (100%) |
| Owner Occupied HU | 1,387 (63.2%) |
| Renter Occupied HU | 495 (22.6%) |
| Vacant Housing Units | 311 (14.2%) |
| Median Home Value | $134,464 |
| Average Home Value | $210,771 |
Housing Distribution
Address Breakdown
Residential
1,883
Single Family
1,878
Multi-Family
5
Businesses
90
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