13215 Scotts RdDewittVA23840
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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 Dewitt at 13215 Scotts Rd, Dewitt, VA, 23840 uses $94,478 cash to close to unlock $1,467/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,826/mo, and a $1,395/mo payment keeps the spread at $122/mo. Purchase price stands at $285,000, and rental yield measures 7.69% with $1,826/mo rent. Return on cash invested shows 21.46% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 110.93% and total cumulative return in cash records $104,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,826/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1977
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23840, Dewitt, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 538 (77.1%) |
| Renter Occupied HU | 113 (16.2%) |
| Vacant Housing Units | 47 ( 6.7%) |
| Median Home Value | $291,667 |
| Average Home Value | $340,990 |
Housing Distribution
Address Breakdown
Residential
718
Single Family
718
Multi-Family
0
Businesses
36
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