242 1st StBroadwayVA22815
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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 Broadway at 242 1st St, Broadway, VA, 22815 earns $623/mo cash flow from $2,593/mo rent with a $1,613/mo payment. Total monthly income totals $2,593/mo, and annual cash flow totals $7,476/yr on $109,229 capital. ROI tracks 26.75% on current figures, and rental yield reads 9.44% at a $329,500 purchase. Equity gained on principal adds $2,126/yr, and 5% annual appreciation supports $91,035 over five years. Five-year ROI reaches 139.32% and total cumulative return in cash sums $152,182. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,593/mo property income instead of your personal income.
Single Family
Built in 1900
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22815, Broadway, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,958 (100%) |
| Owner Occupied HU | 2,754 (69.6%) |
| Renter Occupied HU | 907 (22.9%) |
| Vacant Housing Units | 297 ( 7.5%) |
| Median Home Value | $299,893 |
| Average Home Value | $378,164 |
Housing Distribution
Address Breakdown
Residential
3,788
Single Family
3,726
Multi-Family
62
Businesses
219
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