198 Penny LnIndependenceVA24348
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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 Independence at 198 Penny Ln, Independence, VA, 24348 with 5% annual appreciation on a $122,000 basis while $942/mo rent supports operations. Total monthly income totals $942/mo and a $597/mo payment preserves $213/mo for cash returns. Annual cash flow comes to $2,554/yr on $40,443 deployed, and return on cash invested reaches 26.22% in year one. Equity gained on principal adds $787/yr, and five-year appreciation sums $33,706 alongside rental yield of 9.27%. Five-year ROI measures 136.43% and total cumulative return in cash totals $55,175.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $942/mo property income versus a $597/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24348, Independence, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,235 (55.5%) |
| Renter Occupied HU | 393 (17.7%) |
| Vacant Housing Units | 598 (26.9%) |
| Median Home Value | $164,875 |
| Average Home Value | $254,006 |
Housing Distribution
Address Breakdown
Residential
1,807
Single Family
1,807
Multi-Family
0
Businesses
154
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