1618 Purdum Mill RdAppomattoxVA24522
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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
Investment Highlights
Rental property for sale in Appomattox at 1618 Purdum Mill Rd, Appomattox, VA, 24522 offers $2,144/mo rent that, after a $1,126/mo payment, leaves $769/mo cash flow. Total monthly income is $2,144/mo, and annual cash flow is $9,226/yr on $76,245 cash. Return on cash invested measures 32.01% in year one, and rental yield stands at 11.19% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 167.45% and total cumulative return in cash reaches $127,675. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,144/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24522, Appomattox, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,929 (100%) |
| Owner Occupied HU | 3,391 (68.8%) |
| Renter Occupied HU | 973 (19.7%) |
| Vacant Housing Units | 565 (11.5%) |
| Median Home Value | $227,098 |
| Average Home Value | $284,238 |
Housing Distribution
Address Breakdown
Residential
4,236
Single Family
4,236
Multi-Family
0
Businesses
367
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Nearby investment properties with comparable prices
Listed by: Daniel Richardson • Scruggs Real Estate LLC
Mls Name: South Central AOR VA
Mls Provider:
Mls ID: #57132
Disclaimer: Copyright of the South Central Association of Realtors. All rights reserved.Information is deemed reliable but not guaranteed.