1701 Balls Neck RdKilmarnockVA22482
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 Kilmarnock at 1701 Balls Neck Rd, Kilmarnock, VA, 22482 priced at $1,475,000 pairs $2,940/mo rent with after a $7,219/mo payment. Total monthly income equals $2,940/mo. Return on cash invested is 5.61% in year one, and rental yield stands at 2.39% on a $1,475,000 basis. Equity gained on principal adds $9,518/yr, and 5% annual appreciation accumulates to $407,515 by year five. Five-year ROI measures 25.81% and total cumulative return in cash reaches $123,322. For financing, Ziffy Mortgage’s DSCR program evaluates $2,940/mo property income against a $7,219/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1702
23.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22482, Kilmarnock, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 1,051 (59.0%) |
| Renter Occupied HU | 255 (14.3%) |
| Vacant Housing Units | 474 (26.6%) |
| Median Home Value | $473,636 |
| Average Home Value | $521,606 |
Housing Distribution
Address Breakdown
Residential
1,296
Single Family
1,296
Multi-Family
0
Businesses
363
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Nearby investment properties with comparable prices
Listed by: Joe Russell Hunt • Liz Moore & Associates
Mls Name: Chesapeake Bay & Rivers AOR
Mls ID: #2421652
Disclaimer: All or a portion of the multiple Listing information is provided by the CBRAR Property Services, Inc. Multiple Listing Service, from a copyrighted compilation of Listings. All CBRAR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2024 CBRAR Property Services, Inc. All rights reserved.