1418 Mitchell RdChathamVA24531
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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 Chatham at 1418 Mitchell Rd, Chatham, VA, 24531 earns $298/mo cash flow from $1,345/mo rent with a $857/mo payment. Total monthly income totals $1,345/mo, and annual cash flow totals $3,581/yr on $58,013 capital. ROI tracks 26.08% on current figures, and rental yield reads 9.22% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 135.71% and total cumulative return in cash sums $78,727. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,345/mo property income instead of your personal income.
Single Family
Built in 1981
3.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24531, Chatham, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,034 (100%) |
| Owner Occupied HU | 2,489 (61.7%) |
| Renter Occupied HU | 827 (20.5%) |
| Vacant Housing Units | 718 (17.8%) |
| Median Home Value | $171,766 |
| Average Home Value | $204,057 |
Housing Distribution
Address Breakdown
Residential
3,424
Single Family
3,424
Multi-Family
0
Businesses
313
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Listed by: Sabrina Y. Tomlin • NextHome TwoFourFive
Mls Name: LMLS
Mls Provider:
Mls ID: #358456
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.