2147 Penn Store RdSpencerVA24165
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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 Spencer at 2147 Penn Store Rd, Spencer, VA, 24165 earns $18/mo cash flow from $1,393/mo rent with a $1,126/mo payment. Total monthly income totals $1,393/mo, and annual cash flow totals $214/yr on $76,245 capital. ROI tracks 20.19% on current figures, and rental yield reads 7.27% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 104.06% and total cumulative return in cash sums $79,339. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,393/mo property income instead of your personal income.
Manufactured
Built in 2019
1.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24165, Spencer, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 747 (100%) |
| Owner Occupied HU | 493 (66.0%) |
| Renter Occupied HU | 128 (17.1%) |
| Vacant Housing Units | 126 (16.9%) |
| Median Home Value | $163,032 |
| Average Home Value | $223,245 |
Housing Distribution
Address Breakdown
Residential
714
Single Family
714
Multi-Family
0
Businesses
36
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