124 Old Stage RdToanoVA23168
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Toano at 124 Old Stage Rd, Toano, VA, 23168 offers $2,365/mo rent that, after a $1,397/mo payment, leaves $659/mo cash flow. Total monthly income is $2,365/mo, and annual cash flow is $7,905/yr on $94,643 cash. Return on cash invested measures 28.26% in year one, and rental yield stands at 9.94% at a $285,500 entry. Equity gained on principal adds $1,842/yr while 5% annual appreciation compounds into $78,878 by year five. Five-year ROI records 147.35% and total cumulative return in cash reaches $139,459. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,365/mo property income versus a $1,397/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23168, Toano, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,337 (100%) |
| Owner Occupied HU | 2,804 (84.0%) |
| Renter Occupied HU | 388 (11.6%) |
| Vacant Housing Units | 145 ( 4.3%) |
| Median Home Value | $449,051 |
| Average Home Value | $550,194 |
Housing Distribution
Address Breakdown
Residential
3,516
Single Family
3,516
Multi-Family
0
Businesses
199
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Nearby investment properties with comparable prices
Listed by: Jamie Whitlow • Hometown Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2427686
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.