2 Old Chapel AveBoyceVA22620
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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 Boyce at 2 Old Chapel Ave, Boyce, VA, 22620 with 5% annual appreciation on a $349,000 basis while $3,256/mo rent supports operations. Total monthly income totals $3,256/mo and a $1,708/mo payment preserves $1,170/mo for cash returns. Annual cash flow comes to $14,039/yr on $115,694 deployed, and return on cash invested reaches 32.04% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 11.2%. Five-year ROI measures 167.63% and total cumulative return in cash totals $193,932.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,256/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22620, Boyce, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,242 (100%) |
| Owner Occupied HU | 877 (70.6%) |
| Renter Occupied HU | 187 (15.1%) |
| Vacant Housing Units | 178 (14.3%) |
| Median Home Value | $601,688 |
| Average Home Value | $697,486 |
Housing Distribution
Address Breakdown
Residential
995
Single Family
995
Multi-Family
0
Businesses
83
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