229 Eagle View Ln, Bumpass, VA, 23024 | 7.13% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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229 Eagle View Ln, Bumpass, VA, 23024 | 7.13% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Bumpass at 229 Eagle View Ln, Bumpass, VA, 23024 offers $1,675/mo rent that, after a $1,380/mo payment. Total monthly income is $1,675/mo. Return on cash invested measures 19.77% in year one, and rental yield stands at 7.13% at a $282,000 entry. Equity gained on principal adds $1,820/yr while 5% annual appreciation compounds into $77,911 by year five. Five-year ROI records 101.86% and total cumulative return in cash reaches $95,221. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,675/mo property income versus a $1,380/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1985

6.63 Acres lot

$N/A/sqft

No HOA

More details about the property

This is a unique home, partially underground! The backside of the home is under ground which makes the house efficient for cooling. This would be a great home for someone wanting to put in some sweat equity. This home is being sold AS IS. The county has it listed as a 2 bedroom home because the other room doesn't have a window in it. This home good easily be turned into a 3-4 bedroom with a little work. The home is on a gravel road

Neighborhood Data

Neighborhood data shown for ZIP Code: 23024, Bumpass, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,859 (100%)
Owner Occupied HU	3,486 (71.7%)
Renter Occupied HU	451 ( 9.3%)
Vacant Housing Units	922 (19.0%)
Median Home Value	$377,866
Average Home Value	$491,029