2696 Dickerson Mill RdBedfordVA24523
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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 Bedford at 2696 Dickerson Mill Rd, Bedford, VA, 24523 generates $1,852/mo in rent and, after a $1,268/mo payment, leaves $303/mo in cash flow. Total monthly income is $1,852/mo, and annual cash flow is $3,641/yr on $85,859 invested. Return on cash invested sits at 24.15% in year one, and rental yield is 8.58% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 125.33% and total cumulative return in cash sums $107,608. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,852/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24523, Bedford, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,292 (100%) |
| Owner Occupied HU | 6,376 (68.6%) |
| Renter Occupied HU | 2,046 (22.0%) |
| Vacant Housing Units | 870 ( 9.4%) |
| Median Home Value | $309,924 |
| Average Home Value | $356,208 |
Housing Distribution
Address Breakdown
Residential
8,625
Single Family
8,183
Multi-Family
442
Businesses
751
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