220 Rices Depot RdRiceVA23966
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
Investment property for sale in Rice at 220 Rices Depot Rd, Rice, VA, 23966 offers a 11.56% rental yield on a $140,000 purchase with $1,349/mo rent. Total monthly income registers $1,349/mo, and a $685/mo payment leaves $512/mo available for distribution. Annual cash flow reaches $6,148/yr on $46,410 to close, and return on cash invested stands at 33.16% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 173.67% and total cumulative return in cash at $80,602. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,349/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
5.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23966, Rice, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,140 (100%) |
| Owner Occupied HU | 767 (67.3%) |
| Renter Occupied HU | 268 (23.5%) |
| Vacant Housing Units | 105 ( 9.2%) |
| Median Home Value | $215,317 |
| Average Home Value | $222,559 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
1,030
Multi-Family
0
Businesses
29
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