248 Newtown RdGreenwoodVA22943
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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
Rental property for sale in Greenwood at 248 Newtown Rd, Greenwood, VA, 22943 priced at $430,000 converts $2,124/mo rent into after a $2,105/mo obligation. Total monthly income equals $2,124/mo. Return on cash invested prints 16.15% in year one, and rental yield reads 5.93% against a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation compiles into $118,801 by year five. Five-year ROI reaches 82.41% and total cumulative return in cash sums $117,471. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,124/mo property income covering a $2,105/mo payment, not borrower’s personal income.
Single Family
Built in 1979
3.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22943, Greenwood, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 184 (67.4%) |
| Renter Occupied HU | 51 (18.7%) |
| Vacant Housing Units | 38 (13.9%) |
| Median Home Value | $637,097 |
| Average Home Value | $739,633 |
Housing Distribution
Address Breakdown
Residential
165
Single Family
165
Multi-Family
0
Businesses
9
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Listed by: Loi Patkin • LONG & FOSTER - CHARLOTTESVILLE
Mls Name: CAAR
Mls Provider:
Mls ID: #661818
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.