247 Jim Lane RdScottsvilleVA24590
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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 Scottsville at 247 Jim Lane Rd, Scottsville, VA, 24590 at $1,495,000 posts ROI 11.64% with from $6,360/mo rent. Total monthly income equals $6,360/mo. Return on cash invested measures 11.64% and rental yield reads 5.11% at the current $1,495,000. Equity gained on principal adds $9,647/yr, and 5% annual appreciation supports $413,041 by year five. Five-year ROI prints 58.98% and total cumulative return in cash totals $285,709. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,360/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24590, Scottsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,739 (100%) |
| Owner Occupied HU | 2,733 (73.1%) |
| Renter Occupied HU | 612 (16.4%) |
| Vacant Housing Units | 394 (10.5%) |
| Median Home Value | $333,301 |
| Average Home Value | $423,589 |
Housing Distribution
Address Breakdown
Residential
3,256
Single Family
3,256
Multi-Family
0
Businesses
187
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Listed by: Jackie Kingma • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #662451
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.