21 New Bethel RdMeherrinVA23954
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
Investment property for sale in Meherrin at 21 New Bethel Rd, Meherrin, VA, 23954 offers a 8.13% rental yield on a $249,000 purchase with $1,687/mo rent. Total monthly income registers $1,687/mo, and a $1,219/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,379/yr on $82,544 to close, and return on cash invested stands at 22.79% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 118.06% and total cumulative return in cash at $97,448. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,687/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23954, Meherrin, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,129 (100%) |
| Owner Occupied HU | 750 (66.4%) |
| Renter Occupied HU | 177 (15.7%) |
| Vacant Housing Units | 202 (17.9%) |
| Median Home Value | $171,505 |
| Average Home Value | $274,633 |
Housing Distribution
Address Breakdown
Residential
893
Single Family
893
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices