2158 Otterdam RdEmporiaVA23847
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 Emporia at 2158 Otterdam Rd, Emporia, VA, 23847 offers $1,032/mo rent that, after a $661/mo payment, leaves $225/mo cash flow. Total monthly income is $1,032/mo, and annual cash flow is $2,697/yr on $44,753 cash. Return on cash invested measures 25.94% in year one, and rental yield stands at 9.17% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 134.9% and total cumulative return in cash reaches $60,373. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,032/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23847, Emporia, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,175 (100%) |
| Owner Occupied HU | 3,117 (50.5%) |
| Renter Occupied HU | 2,190 (35.5%) |
| Vacant Housing Units | 868 (14.1%) |
| Median Home Value | $161,052 |
| Average Home Value | $194,820 |
Housing Distribution
Address Breakdown
Residential
5,630
Single Family
5,559
Multi-Family
71
Businesses
562
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