2402 Hickory Hill RdBlackwaterVA24221
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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 Blackwater at 2402 Hickory Hill Rd, Blackwater, VA, 24221 listed at $249,997 pairs $1,558/mo rent with a $1,224/mo payment to leave $63/mo cash flow. Total monthly income runs $1,558/mo, and annual cash flow reaches $758/yr on $82,874 cash to close. Return on cash invested measures 20.82% in year one, and rental yield registers 7.48% at a $249,997 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 107.52% and total cumulative return in cash totals $89,109. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,558/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
65.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24221, Blackwater, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 457 (100%) |
| Owner Occupied HU | 252 (55.1%) |
| Renter Occupied HU | 57 (12.5%) |
| Vacant Housing Units | 148 (32.4%) |
| Median Home Value | $205,556 |
| Average Home Value | $254,058 |
Housing Distribution
Address Breakdown
Residential
381
Single Family
381
Multi-Family
0
Businesses
9
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Listed by: Ralph Harvey • List with Freedom
Mls Name: TVRMLS
Mls ID: #9985564