2143 Fork Mountain RdBassettVA24055
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
Rental property for sale in Bassett at 2143 Fork Mountain Rd, Bassett, VA, 24055 priced at $175,000 converts $1,411/mo rent into $364/mo cash flow after a $857/mo obligation. Total monthly income equals $1,411/mo, and annual cash flow totals $4,373/yr on $58,013 invested. Return on cash invested prints 27.45% in year one, and rental yield reads 9.68% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 143.01% and total cumulative return in cash sums $82,963. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,411/mo property income covering a $857/mo payment, not borrower’s personal income.
Manufactured
Built in 1990
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24055, Bassett, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,207 (100%) |
| Owner Occupied HU | 4,100 (66.1%) |
| Renter Occupied HU | 1,206 (19.4%) |
| Vacant Housing Units | 901 (14.5%) |
| Median Home Value | $117,390 |
| Average Home Value | $168,245 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,523
Multi-Family
0
Businesses
235
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Listed by: Adam Lynch • BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Mls Name: RVAR
Mls Provider:
Mls ID: #910182
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