2553 Milstead PlDraperVA24324
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Draper at 2553 Milstead Pl, Draper, VA, 24324 generates $1,583/mo in rent and, after a $857/mo payment, leaves $536/mo in cash flow. Total monthly income is $1,583/mo, and annual cash flow is $6,437/yr on $58,013 invested. Return on cash invested sits at 31% in year one, and rental yield is 10.85% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 162.12% and total cumulative return in cash sums $94,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,583/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24324, Draper, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,020 (100%) |
| Owner Occupied HU | 692 (67.8%) |
| Renter Occupied HU | 142 (13.9%) |
| Vacant Housing Units | 186 (18.2%) |
| Median Home Value | $229,861 |
| Average Home Value | $330,647 |
Housing Distribution
Address Breakdown
Residential
891
Single Family
891
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices