1314 Kentucky AveRichlandsVA24641
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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 Richlands at 1314 Kentucky Ave, Richlands, VA, 24641 earns $373/mo cash flow from $1,150/mo rent with a $636/mo payment. Total monthly income totals $1,150/mo, and annual cash flow totals $4,479/yr on $43,062 capital. ROI tracks 30.31% on current figures, and rental yield reads 10.62% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 158.44% and total cumulative return in cash sums $68,227. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,150/mo property income instead of your personal income.
Single Family
Built in 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24641, Richlands, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,968 (100%) |
| Owner Occupied HU | 1,621 (54.6%) |
| Renter Occupied HU | 866 (29.2%) |
| Vacant Housing Units | 481 (16.2%) |
| Median Home Value | $116,716 |
| Average Home Value | $164,860 |
Housing Distribution
Address Breakdown
Residential
2,426
Single Family
2,389
Multi-Family
37
Businesses
345
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Listed by: Ramona Simmons • Fortune Realty of Richlands
Mls Name: SWVAR
Mls Provider:
Mls ID: #96161
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.