175 Applegate LnBassettVA24055
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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 Bassett at 175 Applegate Ln, Bassett, VA, 24055 priced at $295,900 converts $1,726/mo rent into after a $1,448/mo obligation. Total monthly income equals $1,726/mo. Return on cash invested prints 19.39% in year one, and rental yield reads 7% against a $295,900 entry. Equity gained on principal adds $1,909/yr, while 5% annual appreciation compiles into $81,752 by year five. Five-year ROI reaches 99.8% and total cumulative return in cash sums $97,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,726/mo property income covering a $1,448/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24055, Bassett, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,207 (100%) |
| Owner Occupied HU | 4,100 (66.1%) |
| Renter Occupied HU | 1,206 (19.4%) |
| Vacant Housing Units | 901 (14.5%) |
| Median Home Value | $117,390 |
| Average Home Value | $168,245 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,523
Multi-Family
0
Businesses
235
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