21 Berkeley LnEvingtonVA24550
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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 Evington at 21 Berkeley Ln, Evington, VA, 24550 priced at $360,000 converts $2,214/mo rent into $62/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,214/mo, and annual cash flow totals $744/yr on $119,340 invested. Return on cash invested prints 20.53% in year one, and rental yield reads 7.38% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 105.9% and total cumulative return in cash sums $126,381. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,214/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 2009
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24550, Evington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,366 (100%) |
| Owner Occupied HU | 2,543 (75.5%) |
| Renter Occupied HU | 556 (16.5%) |
| Vacant Housing Units | 267 ( 7.9%) |
| Median Home Value | $310,759 |
| Average Home Value | $328,621 |
Housing Distribution
Address Breakdown
Residential
3,193
Single Family
3,193
Multi-Family
0
Businesses
85
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