1864 Gammon Town RdBumpassVA23024
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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 Bumpass at 1864 Gammon Town Rd, Bumpass, VA, 23024 uses $124,213 cash to close to unlock $181/yr annual cash flow and $15/mo monthly cash flow. Total monthly income runs $2,255/mo, and a $1,834/mo payment keeps the spread at $15/mo. Purchase price stands at $374,700, and rental yield measures 7.22% with $2,255/mo rent. Return on cash invested shows 20.05% in year one, and 5% annual appreciation builds toward $103,523 over five years. Five-year ROI reaches 103.38% and total cumulative return in cash records $128,417. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,255/mo property income covering a $1,834/mo payment rather than investor’s personal income.
Single Family
Built in 2015
3.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23024, Bumpass, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,859 (100%) |
| Owner Occupied HU | 3,486 (71.7%) |
| Renter Occupied HU | 451 ( 9.3%) |
| Vacant Housing Units | 922 (19.0%) |
| Median Home Value | $377,866 |
| Average Home Value | $491,029 |
Housing Distribution
Address Breakdown
Residential
4,523
Single Family
4,523
Multi-Family
0
Businesses
72
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