16120 Callands RdCallandsVA24530
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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 Callands at 16120 Callands Rd, Callands, VA, 24530 uses $49,394 cash to close to unlock $3,643/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $1,194/mo, and a $729/mo payment keeps the spread at $304/mo. Purchase price stands at $149,000, and rental yield measures 9.62% with $1,194/mo rent. Return on cash invested shows 27.28% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 142.16% and total cumulative return in cash records $70,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,194/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1967
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24530, Callands, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 393 (65.4%) |
| Renter Occupied HU | 98 (16.3%) |
| Vacant Housing Units | 110 (18.3%) |
| Median Home Value | $157,738 |
| Average Home Value | $163,142 |
Housing Distribution
Address Breakdown
Residential
528
Single Family
528
Multi-Family
0
Businesses
14
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Listed by: Ashley Wilson • WILKINS & CO., REALTORS, INC.
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #66555
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.