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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Halifax at 1224 Oak Level Rd, Halifax, VA, 24558 generates $1,567/mo in rent, after a $1,757/mo payment. Total monthly income is $1,567/mo. Return on cash invested sits at 14.07% in year one, and rental yield is 5.24% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 71.3% and total cumulative return in cash sums $84,847. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,567/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
22.18 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24558, Halifax, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,380 (100%) |
| Owner Occupied HU | 2,192 (64.9%) |
| Renter Occupied HU | 731 (21.6%) |
| Vacant Housing Units | 457 (13.5%) |
| Median Home Value | $165,402 |
| Average Home Value | $221,179 |
Residential
2,595
Single Family
2,567
Multi-Family
28
Businesses
205
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: James Buckner • WILKINS & CO., REALTORS, INC.
Mls Name: Dan River Region AOR
Mls ID: #74269
