179 3rd St, Broadway, VA, 22815 | $804/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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179 3rd St, Broadway, VA, 22815 | $804/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Broadway at 179 3rd St, Broadway, VA, 22815 listed at $235,000 pairs $2,209/mo rent with a $1,150/mo payment to leave $804/mo cash flow. Total monthly income runs $2,209/mo, and annual cash flow reaches $9,653/yr on $77,903 cash to close. Return on cash invested measures 32.3% in year one, and rental yield registers 11.28% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 169.03% and total cumulative return in cash totals $131,680. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,209/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1971

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

This inviting 2-bedroom, 2-bath homeone of the few in the area offering two full bathroomsis packed with potential and ready for its next chapter. The layout offers comfortable living with the valuable bonus of a partially finished basement, ideal for expanding your living area with a bit of vision and TLC. What does not need TLC is the roof, which was installed in November 2025. The home has been priced with some needed improvements in mind and is sold as-is. It needs interior paint, new flooring, and an updated HVAC systembut these improvements give you the chance to personalize the space to your taste while building equity. Built in 1971 and set on a desirable corner lot, the property also features a welcoming screened-in porch. A spacious, shed (with electric) provides excellent additional storage or workshop space. Whether you're a first-time buyer, investor, or someone looking for a home you can customize, this property offers solid bones, great features, and a great location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22815, Broadway, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,958 (100%)
Owner Occupied HU	2,754 (69.6%)
Renter Occupied HU	907 (22.9%)
Vacant Housing Units	297 ( 7.5%)
Median Home Value	$299,893
Average Home Value	$378,164