270 N Main StChathamVA24531
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 Chatham at 270 N Main St, Chatham, VA, 24531 offers $2,117/mo rent that, after a $1,116/mo payment, leaves $754/mo cash flow. Total monthly income is $2,117/mo, and annual cash flow is $9,048/yr on $75,582 cash. Return on cash invested measures 31.88% in year one, and rental yield stands at 11.14% at a $228,000 entry. Equity gained on principal adds $1,471/yr while 5% annual appreciation compounds into $62,992 by year five. Five-year ROI records 166.74% and total cumulative return in cash reaches $126,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,117/mo property income versus a $1,116/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24531, Chatham, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,034 (100%) |
| Owner Occupied HU | 2,489 (61.7%) |
| Renter Occupied HU | 827 (20.5%) |
| Vacant Housing Units | 718 (17.8%) |
| Median Home Value | $171,766 |
| Average Home Value | $204,057 |
Housing Distribution
Address Breakdown
Residential
3,424
Single Family
3,424
Multi-Family
0
Businesses
313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices