1620 Lee StWest PointVA23181
Nearby investment properties with comparable rents
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 West Point at 1620 Lee St, West Point, VA, 23181 priced at $289,900 pairs $2,443/mo rent with $710/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,443/mo, and annual cash flow comes to $8,519/yr on $96,102 invested. Return on cash invested is 28.77% in year one, and rental yield stands at 10.11% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 150.1% and total cumulative return in cash reaches $144,249. For financing, Ziffy Mortgage’s DSCR program evaluates $2,443/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1944
5,301 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23181, West Point, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,721 (100%) |
| Owner Occupied HU | 2,009 (73.8%) |
| Renter Occupied HU | 522 (19.2%) |
| Vacant Housing Units | 190 ( 7.0%) |
| Median Home Value | $321,447 |
| Average Home Value | $389,561 |
Housing Distribution
Address Breakdown
Residential
1,901
Single Family
1,861
Multi-Family
40
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ana Ron • ANR Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2428898
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.