2003 Lee StWest PointVA23181
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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 West Point at 2003 Lee St, West Point, VA, 23181 generates $2,857/mo in rent and, after a $1,806/mo payment, leaves $651/mo in cash flow. Total monthly income is $2,857/mo, and annual cash flow is $7,815/yr on $122,324 invested. Return on cash invested sits at 26.3% in year one, and rental yield is 9.29% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 136.84% and total cumulative return in cash sums $167,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,857/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23181, West Point, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,721 (100%) |
| Owner Occupied HU | 2,009 (73.8%) |
| Renter Occupied HU | 522 (19.2%) |
| Vacant Housing Units | 190 ( 7.0%) |
| Median Home Value | $321,447 |
| Average Home Value | $389,561 |
Housing Distribution
Address Breakdown
Residential
1,901
Single Family
1,861
Multi-Family
40
Businesses
208
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Listed by: Heather Grimsley • Liz Moore & Associates LLC
Mls Name: REIN Inc.
Mls ID: #10598446