1503 Cassell LnBedfordVA24523
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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 Bedford at 1503 Cassell Ln, Bedford, VA, 24523 generates $1,415/mo in rent, after a $6,362/mo payment. Total monthly income is $1,415/mo. Return on cash invested sits at 2.26% in year one, and rental yield is 1.31% on a $1,299,900 entry. Equity gained on principal adds $8,388/yr, while 5% annual appreciation builds toward $359,138 over five years. Five-year ROI reaches 7.83% and total cumulative return in cash sums $32,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,415/mo property income rather than buyer’s personal income.
Multi Family
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24523, Bedford, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,292 (100%) |
| Owner Occupied HU | 6,376 (68.6%) |
| Renter Occupied HU | 2,046 (22.0%) |
| Vacant Housing Units | 870 ( 9.4%) |
| Median Home Value | $309,924 |
| Average Home Value | $356,208 |
Housing Distribution
Address Breakdown
Residential
8,625
Single Family
8,183
Multi-Family
442
Businesses
751
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Listed by: Stacy Powell • KELLER WILLIAMS REALTY LYNCHBURG
Mls Name: RVAR
Mls Provider:
Mls ID: #917196
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