140 Rainbow RdgBumpassVA23024
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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
Rental property for sale in Bumpass at 140 Rainbow Rdg, Bumpass, VA, 23024 priced at $607,000 converts $3,163/mo rent into after a $2,971/mo obligation. Total monthly income equals $3,163/mo. Return on cash invested prints 17.02% in year one, and rental yield reads 6.25% against a $607,000 entry. Equity gained on principal adds $3,917/yr, while 5% annual appreciation compiles into $167,703 by year five. Five-year ROI reaches 87.15% and total cumulative return in cash sums $174,037. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,163/mo property income covering a $2,971/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23024, Bumpass, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,859 (100%) |
| Owner Occupied HU | 3,486 (71.7%) |
| Renter Occupied HU | 451 ( 9.3%) |
| Vacant Housing Units | 922 (19.0%) |
| Median Home Value | $377,866 |
| Average Home Value | $491,029 |
Housing Distribution
Address Breakdown
Residential
4,523
Single Family
4,523
Multi-Family
0
Businesses
72
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