2166 Novelty RdPenhookVA24137
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 Penhook at 2166 Novelty Rd, Penhook, VA, 24137 offers $1,312/mo rent that, after a $979/mo payment, leaves $116/mo cash flow. Total monthly income is $1,312/mo, and annual cash flow is $1,396/yr on $66,292 cash. Return on cash invested measures 22.02% in year one, and rental yield stands at 7.87% at a $199,975 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,249 by year five. Five-year ROI records 113.91% and total cumulative return in cash reaches $75,516. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,312/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24137, Penhook, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,144 (100%) |
| Owner Occupied HU | 978 (45.6%) |
| Renter Occupied HU | 153 ( 7.1%) |
| Vacant Housing Units | 1,013 (47.2%) |
| Median Home Value | $324,242 |
| Average Home Value | $469,836 |
Housing Distribution
Address Breakdown
Residential
1,482
Single Family
1,482
Multi-Family
0
Businesses
46
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Nearby investment properties with comparable prices
Listed by: Damon Jonathan Gettier • REAL BROKER LLC - DGA-SALEM
Mls Name: RVAR
Mls Provider:
Mls ID: #912419
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