12361 Franklin TpkeChathamVA24531
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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 Chatham at 12361 Franklin Tpke, Chatham, VA, 24531 listed at $369,000 pairs $1,098/mo rent with a $1,806/mo payment. Total monthly income runs $1,098/mo. Return on cash invested measures 9.04% in year one, and rental yield registers 3.57% at a $369,000 basis. Equity gained on principal adds $2,381/yr, and annual property appreciation at 5% supports $101,948 by year five. Five-year ROI tracks 44.3% and total cumulative return in cash totals $54,195. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,098/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
12.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24531, Chatham, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,034 (100%) |
| Owner Occupied HU | 2,489 (61.7%) |
| Renter Occupied HU | 827 (20.5%) |
| Vacant Housing Units | 718 (17.8%) |
| Median Home Value | $171,766 |
| Average Home Value | $204,057 |
Housing Distribution
Address Breakdown
Residential
3,424
Single Family
3,424
Multi-Family
0
Businesses
313
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