1219 Schultz Mill RdMeherrinVA23954
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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 Meherrin at 1219 Schultz Mill Rd, Meherrin, VA, 23954 generates $3,185/mo in rent, after a $3,915/mo payment. Total monthly income is $3,185/mo. Return on cash invested sits at 12.78% in year one, and rental yield is 4.78% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 64.3% and total cumulative return in cash sums $169,224. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,185/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
40.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23954, Meherrin, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,129 (100%) |
| Owner Occupied HU | 750 (66.4%) |
| Renter Occupied HU | 177 (15.7%) |
| Vacant Housing Units | 202 (17.9%) |
| Median Home Value | $171,505 |
| Average Home Value | $274,633 |
Housing Distribution
Address Breakdown
Residential
893
Single Family
893
Multi-Family
0
Businesses
26
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