2141 Gap RdChathamVA24531
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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 Chatham at 2141 Gap Rd, Chatham, VA, 24531 uses $44,719 cash to close to unlock $9,046/yr annual cash flow and $754/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $660/mo payment keeps the spread at $754/mo. Purchase price stands at $134,900, and rental yield measures 13.88% with $1,560/mo rent. Return on cash invested shows 40.14% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 211.06% and total cumulative return in cash records $94,385. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $660/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24531, Chatham, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,034 (100%) |
| Owner Occupied HU | 2,489 (61.7%) |
| Renter Occupied HU | 827 (20.5%) |
| Vacant Housing Units | 718 (17.8%) |
| Median Home Value | $171,766 |
| Average Home Value | $204,057 |
Housing Distribution
Address Breakdown
Residential
3,424
Single Family
3,424
Multi-Family
0
Businesses
313
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