230 Wedgewood DrRocky MountVA24151
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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
Rental property for sale in Rocky Mount at 230 Wedgewood Dr, Rocky Mount, VA, 24151 priced at $379,800 converts $2,432/mo rent into $162/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,432/mo, and annual cash flow totals $1,939/yr on $125,904 invested. Return on cash invested prints 21.45% in year one, and rental yield reads 7.68% against a $379,800 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,932 by year five. Five-year ROI reaches 110.83% and total cumulative return in cash sums $139,534. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,432/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1988
5.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
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