1523 Coxs Chapel RdIndependenceVA24363
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 1523 Coxs Chapel Rd, Independence, VA, 24363 in Independence: $1,172/mo in rent, $366/mo in net income, 10.43% gross yield, 1.93 DSCR, all at $134,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $37,270 in appreciation and $1,242/yr in principal paydown projects total cumulative return of $74,526.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.2% |
| Monthly Cash Flow | $366 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,172 |
| Total Monthly Debt Service | $753 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24363, Mouth Of Wilson, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 905 (100%) |
| Owner Occupied HU | 483 (53.4%) |
| Renter Occupied HU | 87 ( 9.6%) |
| Vacant Housing Units | 335 (37.0%) |
| Median Home Value | $168,750 |
| Average Home Value | $232,008 |
Housing Distribution
Address Breakdown
Residential
735
Single Family
735
Multi-Family
0
Businesses
26
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
Single Family
Built in 2002
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24363, Mouth Of Wilson, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 905 (100%) |
| Owner Occupied HU | 483 (53.4%) |
| Renter Occupied HU | 87 ( 9.6%) |
| Vacant Housing Units | 335 (37.0%) |
| Median Home Value | $168,750 |
| Average Home Value | $232,008 |
Housing Distribution
Address Breakdown
Residential
735
Single Family
735
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: SWVAR
Mls ID: #109911