17 3rd StNew CastleVA24127
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
Investment property for sale in New Castle at 17 3rd St, New Castle, VA, 24127 at $229,000 posts ROI 25% with $322/mo cash flow from $1,691/mo rent. Total monthly income equals $1,691/mo, and annual cash flow records $3,863/yr on $75,914 to close. Return on cash invested measures 25% and rental yield reads 8.86% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 129.83% and total cumulative return in cash totals $98,561.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,691/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
9,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24127, New Castle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,438 (67.1%) |
| Renter Occupied HU | 291 (13.6%) |
| Vacant Housing Units | 414 (19.3%) |
| Median Home Value | $262,635 |
| Average Home Value | $283,960 |
Housing Distribution
Address Breakdown
Residential
1,871
Single Family
1,871
Multi-Family
0
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: PAT CHARLTON • CHARLTON ASSOCIATES
Mls Name: RVAR
Mls ID: #919856