1297 Dry Creek RdBlackwaterVA24221
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 Blackwater at 1297 Dry Creek Rd, Blackwater, VA, 24221 priced at $179,000 pairs $1,318/mo rent with $248/mo cash flow after a $876/mo payment. Total monthly income equals $1,318/mo, and annual cash flow comes to $2,977/yr on $59,339 invested. Return on cash invested is 24.93% in year one, and rental yield stands at 8.84% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 129.53% and total cumulative return in cash reaches $76,863. For financing, Ziffy Mortgage’s DSCR program evaluates $1,318/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
50.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24221, Blackwater, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 457 (100%) |
| Owner Occupied HU | 252 (55.1%) |
| Renter Occupied HU | 57 (12.5%) |
| Vacant Housing Units | 148 (32.4%) |
| Median Home Value | $205,556 |
| Average Home Value | $254,058 |
Housing Distribution
Address Breakdown
Residential
381
Single Family
381
Multi-Family
0
Businesses
9
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Listed by: Danielle Wells • Park Hill Realty Group, LLC
Mls Name: TVRMLS
Mls ID: #9977625