2029 Banister RdChathamVA24531
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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 Chatham at 2029 Banister Rd, Chatham, VA, 24531 with 5% annual appreciation on a $271,000 basis while $1,888/mo rent supports operations. Total monthly income totals $1,888/mo and a $1,326/mo payment preserves $268/mo for cash returns. Annual cash flow comes to $3,221/yr on $89,837 deployed, and return on cash invested reaches 23.49% in year one. Equity gained on principal adds $1,749/yr, and five-year appreciation sums $74,872 alongside rental yield of 8.36%. Five-year ROI measures 121.81% and total cumulative return in cash totals $109,431.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,888/mo property income versus a $1,326/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1989
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24531, Chatham, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,034 (100%) |
| Owner Occupied HU | 2,489 (61.7%) |
| Renter Occupied HU | 827 (20.5%) |
| Vacant Housing Units | 718 (17.8%) |
| Median Home Value | $171,766 |
| Average Home Value | $204,057 |
Housing Distribution
Address Breakdown
Residential
3,424
Single Family
3,424
Multi-Family
0
Businesses
313
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Listed by: Non Member Mls • NON MEMBER OFFICE
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74218
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.