212 W Main StIndependenceVA24348
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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 Independence at 212 W Main St, Independence, VA, 24348 priced at $225,000 converts $2,530/mo rent into $1,185/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,530/mo, and annual cash flow totals $14,223/yr on $74,588 invested. Return on cash invested prints 38.98% in year one, and rental yield reads 13.49% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 204.87% and total cumulative return in cash sums $152,805. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,530/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.75 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: Joan Collins • Collins and Associates Realty
Mls Name: SWVAR
Mls Provider:
Mls ID: #100802
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.