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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Amherst at 178 Covey Rd, Amherst, VA, 24521 at $224,900 posts ROI 23.67% with $233/mo cash flow from $1,578/mo rent. Total monthly income equals $1,578/mo, and annual cash flow records $2,800/yr on $74,554 to close. Return on cash invested measures 23.67% and rental yield reads 8.42% at the current $224,900. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 by year five. Five-year ROI prints 122.75% and total cumulative return in cash totals $91,513.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,578/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1999
5.66 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24521, Amherst, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,778 (100%) |
| Owner Occupied HU | 3,339 (69.9%) |
| Renter Occupied HU | 856 (17.9%) |
| Vacant Housing Units | 583 (12.2%) |
| Median Home Value | $291,324 |
| Average Home Value | $363,179 |
Residential
4,039
Single Family
4,039
Multi-Family
0
Businesses
297
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: John Tatulli • Mark A. Dalton & Co., Inc.
Mls Name: LMLS
Mls ID: #362968
