15331 Highway Forty SevenChase CityVA23924
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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 Chase City at 15331 Highway Forty Seven, Chase City, VA, 23924 uses $49,394 cash to close to unlock $2,995/yr annual cash flow and $250/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $729/mo payment keeps the spread at $250/mo. Purchase price stands at $149,000, and rental yield measures 9.18% with $1,140/mo rent. Return on cash invested shows 25.97% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 135.11% and total cumulative return in cash records $66,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1964
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23924, Chase City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 1,745 (57.6%) |
| Renter Occupied HU | 713 (23.5%) |
| Vacant Housing Units | 574 (18.9%) |
| Median Home Value | $143,473 |
| Average Home Value | $203,683 |
Housing Distribution
Address Breakdown
Residential
2,707
Single Family
2,630
Multi-Family
77
Businesses
218
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Listed by: Beth Smith • Exit Town & Lake Realty, South Hill
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139200
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.