224 Hamlin AveDanvilleVA24540
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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 Danville at 224 Hamlin Ave, Danville, VA, 24540 with 5% annual appreciation on a $153,000 basis while $1,398/mo rent supports operations. Total monthly income totals $1,398/mo and a $749/mo payment preserves $483/mo for cash returns. Annual cash flow comes to $5,799/yr on $50,720 deployed, and return on cash invested reaches 31.34% in year one. Equity gained on principal adds $987/yr, and five-year appreciation sums $42,271 alongside rental yield of 10.96%. Five-year ROI measures 163.96% and total cumulative return in cash totals $83,160.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,398/mo property income versus a $749/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
6,368 sqft lot
$N/A/sqft
No HOA
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Listed by: Laura Coles • BHHS Dawson Ford Garbee-Forest
Mls Name: LMLS
Mls Provider:
Mls ID: #359396
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