166 Patterson AveRocky MountVA24151
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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 Rocky Mount at 166 Patterson Ave, Rocky Mount, VA, 24151 listed at $275,900 pairs $2,244/mo rent with a $1,350/mo payment to leave $595/mo cash flow. Total monthly income runs $2,244/mo, and annual cash flow reaches $7,141/yr on $91,461 cash to close. Return on cash invested measures 27.72% in year one, and rental yield registers 9.76% at a $275,900 basis. Equity gained on principal adds $1,780/yr, and annual property appreciation at 5% supports $76,226 by year five. Five-year ROI tracks 144.49% and total cumulative return in cash totals $132,149. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,244/mo property income relative to a $1,350/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
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Nearby investment properties with comparable prices
Listed by: Reeda Larsen Miller • WAINWRIGHT & CO., REALTORS(r)- LAKE
Mls Name: RVAR
Mls Provider:
Mls ID: #911596
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