178 Melrose DrDanvilleVA24540
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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
Investment property for sale in Danville at 178 Melrose Dr, Danville, VA, 24540 earns $216/mo cash flow from $1,590/mo rent with a $1,125/mo payment. Total monthly income totals $1,590/mo, and annual cash flow totals $2,591/yr on $76,212 capital. ROI tracks 23.31% on current figures, and rental yield reads 8.3% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 120.8% and total cumulative return in cash sums $92,063. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,590/mo property income instead of your personal income.
Single Family
Built in 1962
8,712 sqft lot
$N/A/sqft
No HOA
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Listed by: Ellen Boyd • BOYD REAL ESTATE
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74481
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.