187 Mill Hollow RdJonesvilleVA24263
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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
Rental property for sale in Jonesville at 187 Mill Hollow Rd, Jonesville, VA, 24263 priced at $289,999 converts $2,021/mo rent into $288/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,021/mo, and annual cash flow totals $3,454/yr on $96,135 invested. Return on cash invested prints 23.5% in year one, and rental yield reads 8.36% against a $289,999 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,121 by year five. Five-year ROI reaches 121.83% and total cumulative return in cash sums $117,124. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,021/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1956
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24263, Jonesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,958 (100%) |
| Owner Occupied HU | 1,791 (60.5%) |
| Renter Occupied HU | 671 (22.7%) |
| Vacant Housing Units | 496 (16.8%) |
| Median Home Value | $116,447 |
| Average Home Value | $159,269 |
Housing Distribution
Address Breakdown
Residential
2,456
Single Family
2,456
Multi-Family
0
Businesses
179
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