1978 Colemans Ferry RdRandolphVA23962
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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 Randolph at 1978 Colemans Ferry Rd, Randolph, VA, 23962 uses $75,582 cash to close to unlock $7,956/yr annual cash flow and $663/mo monthly cash flow. Total monthly income runs $2,026/mo, and a $1,116/mo payment keeps the spread at $663/mo. Purchase price stands at $228,000, and rental yield measures 10.66% with $2,026/mo rent. Return on cash invested shows 30.44% in year one, and 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 158.99% and total cumulative return in cash records $120,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,026/mo property income covering a $1,116/mo payment rather than investor’s personal income.
Single Family
Built in 1956
1.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23962, Randolph, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 359 (100%) |
| Owner Occupied HU | 222 (61.8%) |
| Renter Occupied HU | 57 (15.9%) |
| Vacant Housing Units | 80 (22.3%) |
| Median Home Value | $135,294 |
| Average Home Value | $248,930 |
Housing Distribution
Address Breakdown
Residential
352
Single Family
352
Multi-Family
0
Businesses
8
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