1421 Broad StAltavistaVA24517
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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 Altavista at 1421 Broad St, Altavista, VA, 24517 priced at $176,000 converts $1,664/mo rent into $612/mo cash flow after a $861/mo obligation. Total monthly income equals $1,664/mo, and annual cash flow totals $7,348/yr on $58,344 invested. Return on cash invested prints 32.5% in year one, and rental yield reads 11.35% against a $176,000 entry. Equity gained on principal adds $1,136/yr, while 5% annual appreciation compiles into $48,626 by year five. Five-year ROI reaches 170.15% and total cumulative return in cash sums $99,273. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,664/mo property income covering a $861/mo payment, not borrower’s personal income.
Single Family
Built in 1947
1,263 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24517, Altavista, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,517 (100%) |
| Owner Occupied HU | 1,539 (61.1%) |
| Renter Occupied HU | 719 (28.6%) |
| Vacant Housing Units | 259 (10.3%) |
| Median Home Value | $136,399 |
| Average Home Value | $216,556 |
Housing Distribution
Address Breakdown
Residential
2,485
Single Family
2,472
Multi-Family
13
Businesses
338
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Listed by: Addison Brafford • Divine Fog Realty Company LLC
Mls Name: LMLS
Mls Provider:
Mls ID: #355376
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.