24 Crossing CtBedfordVA24523
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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 Bedford at 24 Crossing Ct, Bedford, VA, 24523 priced at $384,990 converts $2,820/mo rent into $519/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,820/mo, and annual cash flow totals $6,227/yr on $127,624 invested. Return on cash invested prints 24.79% in year one, and rental yield reads 8.79% against a $384,990 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,366 by year five. Five-year ROI reaches 128.73% and total cumulative return in cash sums $164,287. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,820/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24523, Bedford, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,292 (100%) |
| Owner Occupied HU | 6,376 (68.6%) |
| Renter Occupied HU | 2,046 (22.0%) |
| Vacant Housing Units | 870 ( 9.4%) |
| Median Home Value | $309,924 |
| Average Home Value | $356,208 |
Housing Distribution
Address Breakdown
Residential
8,625
Single Family
8,183
Multi-Family
442
Businesses
751
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