218 Broadway AveBroadwayVA22815
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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 Broadway at 218 Broadway Ave, Broadway, VA, 22815 uses $75,914 cash to close to unlock $8,639/yr annual cash flow and $720/mo monthly cash flow. Total monthly income runs $2,089/mo, and a $1,121/mo payment keeps the spread at $720/mo. Purchase price stands at $229,000, and rental yield measures 10.95% with $2,089/mo rent. Return on cash invested shows 31.29% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 163.58% and total cumulative return in cash records $124,181. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,089/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22815, Broadway, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,958 (100%) |
| Owner Occupied HU | 2,754 (69.6%) |
| Renter Occupied HU | 907 (22.9%) |
| Vacant Housing Units | 297 ( 7.5%) |
| Median Home Value | $299,893 |
| Average Home Value | $378,164 |
Housing Distribution
Address Breakdown
Residential
3,788
Single Family
3,726
Multi-Family
62
Businesses
219
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