249 River Oak DrDanvilleVA24541
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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 Danville at 249 River Oak Dr, Danville, VA, 24541 with 5% annual appreciation on a $323,500 basis while $3,004/mo rent supports operations. Total monthly income totals $3,004/mo and a $1,583/mo payment preserves $1,071/mo for cash returns. Annual cash flow comes to $12,846/yr on $107,240 deployed, and return on cash invested reaches 31.89% in year one. Equity gained on principal adds $2,087/yr, and five-year appreciation sums $89,377 alongside rental yield of 11.14%. Five-year ROI measures 166.82% and total cumulative return in cash totals $178,894.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,004/mo property income versus a $1,583/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24541, Danville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,208 (100%) |
| Owner Occupied HU | 6,545 (46.1%) |
| Renter Occupied HU | 5,578 (39.3%) |
| Vacant Housing Units | 2,085 (14.7%) |
| Median Home Value | $162,672 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
13,028
Single Family
11,668
Multi-Family
1,360
Businesses
943
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Listed by: Ann Heffinger • HAUSER REALTY GROUP
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74331
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.