2004 Harris StFranklinVA23851
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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 Franklin at 2004 Harris St, Franklin, VA, 23851 generates $1,277/mo in rent and, after a $808/mo payment, leaves $290/mo in cash flow. Total monthly income is $1,277/mo, and annual cash flow is $3,483/yr on $54,698 invested. Return on cash invested sits at 26.28% in year one, and rental yield is 9.29% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 136.79% and total cumulative return in cash sums $74,819. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,277/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23851, Franklin, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,565 (100%) |
| Owner Occupied HU | 3,506 (53.4%) |
| Renter Occupied HU | 2,212 (33.7%) |
| Vacant Housing Units | 847 (12.9%) |
| Median Home Value | $250,844 |
| Average Home Value | $266,895 |
Housing Distribution
Address Breakdown
Residential
6,184
Single Family
6,007
Multi-Family
177
Businesses
574
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