1550 Wards Rd, Altavista, VA, 24517 | 4.94% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Altavista at 1550 Wards Rd, Altavista, VA, 24517 generates $1,050/mo in rent, after a $1,248/mo payment. Total monthly income is $1,050/mo. Return on cash invested sits at 13.18% in year one, and rental yield is 4.94% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 66.47% and total cumulative return in cash sums $56,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,050/mo property income rather than buyer’s personal income.

Single Family

Built in 1920

0.48 Acres 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