23228 Calvin DrFranklinVA23851
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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 Franklin at 23228 Calvin Dr, Franklin, VA, 23851 uses $91,129 cash to close to unlock $7,838/yr annual cash flow and $653/mo monthly cash flow. Total monthly income runs $2,296/mo, and a $1,346/mo payment keeps the spread at $653/mo. Purchase price stands at $274,900, and rental yield measures 10.02% with $2,296/mo rent. Return on cash invested shows 28.51% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 148.74% and total cumulative return in cash records $135,543. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,296/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23851, Franklin, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,565 (100%) |
| Owner Occupied HU | 3,506 (53.4%) |
| Renter Occupied HU | 2,212 (33.7%) |
| Vacant Housing Units | 847 (12.9%) |
| Median Home Value | $250,844 |
| Average Home Value | $266,895 |
Housing Distribution
Address Breakdown
Residential
6,184
Single Family
6,007
Multi-Family
177
Businesses
574
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