1841 Old Franklin TpkeRocky MountVA24151
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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 Rocky Mount at 1841 Old Franklin Tpke, Rocky Mount, VA, 24151 offers a 8.25% rental yield on a $254,000 purchase with $1,747/mo rent. Total monthly income registers $1,747/mo, and a $1,243/mo payment leaves $229/mo available for distribution. Annual cash flow reaches $2,746/yr on $84,201 to close, and return on cash invested stands at 23.17% in year one. Equity gained on principal adds $1,639/yr while 5% annual appreciation supports $70,176 over five years. Portfolio math shows five-year ROI at 120.05% and total cumulative return in cash at $101,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,747/mo property income against a $1,243/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
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Listed by: DEBBIE SHELTON • BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Mls Name: RVAR
Mls ID: #917292