203 Ned Brown Rd, Amherst, VA, 24521 | $116/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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203 Ned Brown Rd, Amherst, VA, 24521 | $116/mo Cash Flow | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

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Investment Highlights

Rental property for sale in Amherst at 203 Ned Brown Rd, Amherst, VA, 24521 offers $2,400/mo rent that, after a $1,870/mo payment, leaves $116/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $1,394/yr on $126,633 cash. Return on cash invested measures 21.01% in year one, and rental yield stands at 7.54% at a $382,000 entry. Equity gained on principal adds $2,465/yr while 5% annual appreciation compounds into $105,540 by year five. Five-year ROI records 108.5% and total cumulative return in cash reaches $137,393. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $1,870/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1965

2.11 Acres lot

$N/A/sqft

No HOA

More details about the property

Motivated Sellers! Price Reduced! Updated ~ Spacious ~ Modern Living on 2+ Acres located with quick access to Route 29. Now offered at a new price, this beautifully renovated home blends modern style with spacious comfort. Inside, the heart of the home shines with the kitchen featuring granite countertops, custom tile backsplash, and brand-new appliances. The main level offers luxury vinyl plank throughout. Three bedrooms and spa-inspired tiled bathrooms designed with both elegance and function in mind. A bright living room with a raised stone hearth and a versatile bonus room complete the space. The finished basement expands your options with a second kitchen showcasing custom tile finishes, a modern full bath, and two bonus rooms perfect for guests, in-laws, or rental potential with washer/dryer hook-up included. Outside, enjoy 2+ acres for gardening, outdoor living, or even a small homestead with a barn and shed!

Neighborhood Data

Neighborhood data shown for ZIP Code: 24521, Amherst, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,778 (100%)
Owner Occupied HU	3,339 (69.9%)
Renter Occupied HU	856 (17.9%)
Vacant Housing Units	583 (12.2%)
Median Home Value	$291,324
Average Home Value	$363,179