144 Hamlin AveDanvilleVA24540
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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 Danville at 144 Hamlin Ave, Danville, VA, 24540 priced at $143,000 converts $1,143/mo rent into $288/mo cash flow after a $700/mo obligation. Total monthly income equals $1,143/mo, and annual cash flow totals $3,457/yr on $47,405 invested. Return on cash invested prints 27.2% in year one, and rental yield reads 9.59% against a $143,000 entry. Equity gained on principal adds $923/yr, while 5% annual appreciation compiles into $39,508 by year five. Five-year ROI reaches 141.77% and total cumulative return in cash sums $67,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,143/mo property income covering a $700/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Daniel Keeton • Keeton & Co Real Estate
Mls Name: LMLS
Mls Provider:
Mls ID: #359907
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.