2117 Powerhouse RdIndependenceVA24348
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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
Investment property for sale in Independence at 2117 Powerhouse Rd, Independence, VA, 24348 listed at $149,900 pairs $1,248/mo rent with a $734/mo payment to leave $352/mo cash flow. Total monthly income runs $1,248/mo, and annual cash flow reaches $4,219/yr on $49,692 cash to close. Return on cash invested measures 28.4% in year one, and rental yield registers 9.99% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 148.15% and total cumulative return in cash totals $73,619. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,248/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1975
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24348, Independence, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,235 (55.5%) |
| Renter Occupied HU | 393 (17.7%) |
| Vacant Housing Units | 598 (26.9%) |
| Median Home Value | $164,875 |
| Average Home Value | $254,006 |
Housing Distribution
Address Breakdown
Residential
1,807
Single Family
1,807
Multi-Family
0
Businesses
154
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Listed by: James Williams • Property Management Solutions of VA
Mls Name: SWVAR
Mls Provider:
Mls ID: #97524
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.