211 Philpot AveRichlandsVA24641
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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 Richlands at 211 Philpot Ave, Richlands, VA, 24641 priced at $233,000 pairs $2,074/mo rent with $682/mo cash flow after a $1,140/mo payment. Total monthly income equals $2,074/mo, and annual cash flow comes to $8,179/yr on $77,240 invested. Return on cash invested is 30.5% in year one, and rental yield stands at 10.68% on a $233,000 basis. Equity gained on principal adds $1,504/yr, and 5% annual appreciation accumulates to $64,374 by year five. Five-year ROI measures 159.37% and total cumulative return in cash reaches $123,097. For financing, Ziffy Mortgage’s DSCR program evaluates $2,074/mo property income against a $1,140/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24641, Richlands, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,968 (100%) |
| Owner Occupied HU | 1,621 (54.6%) |
| Renter Occupied HU | 866 (29.2%) |
| Vacant Housing Units | 481 (16.2%) |
| Median Home Value | $116,716 |
| Average Home Value | $164,860 |
Housing Distribution
Address Breakdown
Residential
2,426
Single Family
2,389
Multi-Family
37
Businesses
345
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No similar rental properties found nearby.
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Listed by: Lisa Cordle • C&C Realty (Cordle & Company)
Mls Name: SWVAR
Mls Provider:
Mls ID: #103647
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.