1266 Westover DrCollinsvilleVA24078
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1266 Westover Dr, Collinsville, VA, 24078 in Collinsville deserves attention. This $144,000 property earns $2,242/mo in rent, a 18.68% gross yield, and nets $1,381/mo after the $648/mo payment. DSCR 3.46 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $39,785 compounds alongside $1,326/yr in yearly equity build, for a total cumulative return of $143,322.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 18.7% | 6.2% |
| Monthly Cash Flow | $1,381 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,242 |
| Total Monthly Debt Service | $804 |
| DSCR Ratio | 2.79x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24078, Collinsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,549 (100%) |
| Owner Occupied HU | 1,893 (53.3%) |
| Renter Occupied HU | 1,234 (34.8%) |
| Vacant Housing Units | 422 (11.9%) |
| Median Home Value | $137,580 |
| Average Home Value | $165,283 |
Housing Distribution
Address Breakdown
Residential
3,182
Single Family
3,088
Multi-Family
94
Businesses
289
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
Single Family
Built in 1962
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24078, Collinsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,549 (100%) |
| Owner Occupied HU | 1,893 (53.3%) |
| Renter Occupied HU | 1,234 (34.8%) |
| Vacant Housing Units | 422 (11.9%) |
| Median Home Value | $137,580 |
| Average Home Value | $165,283 |
Housing Distribution
Address Breakdown
Residential
3,182
Single Family
3,088
Multi-Family
94
Businesses
289
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carrie Kendrick • KW Martinsville
Mls Name: MVMLS
Mls ID: #141748
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.