1411 Elliott AveSouth BostonVA24592
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
Investment property for sale in South Boston at 1411 Elliott Ave, South Boston, VA, 24592 uses $69,615 cash to close to unlock $7,314/yr annual cash flow and $610/mo monthly cash flow. Total monthly income runs $1,865/mo, and a $1,028/mo payment keeps the spread at $610/mo. Purchase price stands at $210,000, and rental yield measures 10.66% with $1,865/mo rent. Return on cash invested shows 30.42% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 158.94% and total cumulative return in cash records $110,644. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,865/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 2005
10,001 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy Littlejohn • Real Broker, LLC
Mls Name: LMLS
Mls Provider:
Mls ID: #358579
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.