1607 N Main StSouth BostonVA24592
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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 South Boston at 1607 N Main St, South Boston, VA, 24592 offers a 9.1% rental yield on a $399,900 purchase with $3,032/mo rent. Total monthly income registers $3,032/mo, and a $1,957/mo payment leaves $642/mo available for distribution. Annual cash flow reaches $7,701/yr on $132,567 to close, and return on cash invested stands at 25.72% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 133.71% and total cumulative return in cash at $177,260. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,032/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.04 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Priscilla Oropeza • Divine Fog Realty Company
Mls Name: MVMLS
Mls ID: #144810
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