265 Proctor StDrakes BranchVA23937
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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 Drakes Branch at 265 Proctor St, Drakes Branch, VA, 23937 priced at $210,000 converts $1,496/mo rent into $241/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,496/mo, and annual cash flow totals $2,886/yr on $69,615 invested. Return on cash invested prints 24.05% in year one, and rental yield reads 8.55% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 124.84% and total cumulative return in cash sums $86,908. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,496/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1965
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23937, Drakes Branch, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 843 (100%) |
| Owner Occupied HU | 492 (58.4%) |
| Renter Occupied HU | 200 (23.7%) |
| Vacant Housing Units | 151 (17.9%) |
| Median Home Value | $164,189 |
| Average Home Value | $306,336 |
Housing Distribution
Address Breakdown
Residential
750
Single Family
718
Multi-Family
32
Businesses
47
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Listed by: Mark Brumfield • Century 21 Realty @ Home
Mls Name: CVRMLS
Mls ID: #2601023