16619 Lee StSaint PaulVA24283
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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
Rental property for sale in Saint Paul at 16619 Lee St, Saint Paul, VA, 24283 generates $1,904/mo in rent and, after a $1,346/mo payment, leaves $260/mo in cash flow. Total monthly income is $1,904/mo, and annual cash flow is $3,121/yr on $91,161 invested. Return on cash invested sits at 23.33% in year one, and rental yield is 8.31% on a $274,995 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,976 over five years. Five-year ROI reaches 120.98% and total cumulative return in cash sums $110,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,904/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24283, Saint Paul, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,073 (100%) |
| Owner Occupied HU | 649 (60.5%) |
| Renter Occupied HU | 255 (23.8%) |
| Vacant Housing Units | 169 (15.8%) |
| Median Home Value | $116,009 |
| Average Home Value | $162,392 |
Housing Distribution
Address Breakdown
Residential
772
Single Family
772
Multi-Family
0
Businesses
78
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Nearby investment properties with comparable prices
Listed by: Sarah Sawyers • REMAX Results Bristol
Mls Name: TVRMLS
Mls ID: #9983863