24318 Gertrude 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 24318 Gertrude St, Parksley, VA, 23421 earns $178/mo cash flow from $1,849/mo rent with a $1,368/mo payment. Total monthly income totals $1,849/mo, and annual cash flow totals $2,139/yr on $92,654 capital. ROI tracks 22.22% on current figures, and rental yield reads 7.94% at a $279,500 purchase. Equity gained on principal adds $1,804/yr, and 5% annual appreciation supports $77,221 over five years. Five-year ROI reaches 114.99% and total cumulative return in cash sums $106,544. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,849/mo property income instead of your personal income.
Single Family
Built in 1950
7,405 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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