275 BoulevardNew CastleVA24127
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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 New Castle at 275 Boulevard, New Castle, VA, 24127 priced at $130,500 pairs $1,438/mo rent with $658/mo cash flow after a $639/mo payment. Total monthly income equals $1,438/mo, and annual cash flow comes to $7,891/yr on $43,261 invested. Return on cash invested is 38.15% in year one, and rental yield stands at 13.22% on a $130,500 basis. Equity gained on principal adds $842/yr, and 5% annual appreciation accumulates to $36,055 by year five. Five-year ROI measures 200.39% and total cumulative return in cash reaches $86,692. For financing, Ziffy Mortgage’s DSCR program evaluates $1,438/mo property income against a $639/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24127, New Castle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,438 (67.1%) |
| Renter Occupied HU | 291 (13.6%) |
| Vacant Housing Units | 414 (19.3%) |
| Median Home Value | $262,635 |
| Average Home Value | $283,960 |
Housing Distribution
Address Breakdown
Residential
1,871
Single Family
1,871
Multi-Family
0
Businesses
96
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Listed by: N/A • N/A
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Mls ID: #N/A