17 Woodlawn Hgts RdChathamVA24531
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 Chatham at 17 Woodlawn Hgts Rd, Chatham, VA, 24531 priced at $184,000 converts $1,973/mo rent into $873/mo cash flow after a $901/mo obligation. Total monthly income equals $1,973/mo, and annual cash flow totals $10,472/yr on $60,996 invested. Return on cash invested prints 37.08% in year one, and rental yield reads 12.87% against a $184,000 entry. Equity gained on principal adds $1,187/yr, while 5% annual appreciation compiles into $50,836 by year five. Five-year ROI reaches 194.67% and total cumulative return in cash sums $118,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,973/mo property income covering a $901/mo payment, not borrower’s personal income.
Single Family
Built in 1950
1.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24531, Chatham, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,034 (100%) |
| Owner Occupied HU | 2,489 (61.7%) |
| Renter Occupied HU | 827 (20.5%) |
| Vacant Housing Units | 718 (17.8%) |
| Median Home Value | $171,766 |
| Average Home Value | $204,057 |
Housing Distribution
Address Breakdown
Residential
3,424
Single Family
3,424
Multi-Family
0
Businesses
313
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Listed by: Elizabeth Ware • ELIZABETH WARE REALTORS
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74929
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.