208 E Lee StBroadwayVA22815
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Broadway at 208 E Lee St, Broadway, VA, 22815 priced at $265,000 converts $2,076/mo rent into $492/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,076/mo, and annual cash flow totals $5,903/yr on $87,848 invested. Return on cash invested prints 26.63% in year one, and rental yield reads 9.4% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 138.6% and total cumulative return in cash sums $121,755. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,076/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1936
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22815, Broadway, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,958 (100%) |
| Owner Occupied HU | 2,754 (69.6%) |
| Renter Occupied HU | 907 (22.9%) |
| Vacant Housing Units | 297 ( 7.5%) |
| Median Home Value | $299,893 |
| Average Home Value | $378,164 |
Housing Distribution
Address Breakdown
Residential
3,788
Single Family
3,726
Multi-Family
62
Businesses
219
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
