24144 Chadbourne StParksleyVA23421
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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 Parksley at 24144 Chadbourne St, Parksley, VA, 23421 uses $90,168 cash to close to unlock $12,268/yr annual cash flow and $1,022/mo monthly cash flow. Total monthly income runs $2,648/mo, and a $1,331/mo payment keeps the spread at $1,022/mo. Purchase price stands at $272,000, and rental yield measures 11.68% with $2,648/mo rent. Return on cash invested shows 33.51% in year one, and 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 175.57% and total cumulative return in cash records $158,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,648/mo property income covering a $1,331/mo payment rather than investor’s personal income.
Single Family
Built in 1975
7,122 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23421, Parksley, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,007 (50.3%) |
| Renter Occupied HU | 609 (30.4%) |
| Vacant Housing Units | 387 (19.3%) |
| Median Home Value | $215,559 |
| Average Home Value | $258,784 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
836
Multi-Family
92
Businesses
69
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