28 Trotter Mill CloseAshlandVA23005
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 Ashland at 28 Trotter Mill Close, Ashland, VA, 23005 priced at $244,950 converts $2,056/mo rent into $414/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,056/mo, and annual cash flow totals $4,964/yr on $81,201 invested. Return on cash invested prints 26.02% in year one, and rental yield reads 10.07% against a $244,950 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,675 by year five. Five-year ROI reaches 136.31% and total cumulative return in cash sums $110,684. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,056/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Condo
Built in 1985
1,071 sqft lot
$N/A/sqft
$178 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23005, Ashland, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,798 (100%) |
| Owner Occupied HU | 5,395 (69.2%) |
| Renter Occupied HU | 1,943 (24.9%) |
| Vacant Housing Units | 460 ( 5.9%) |
| Median Home Value | $441,105 |
| Average Home Value | $472,164 |
Housing Distribution
Address Breakdown
Residential
7,503
Single Family
7,117
Multi-Family
386
Businesses
1,830
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Listed by: Deane Cheatham • Hometown Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2426338
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.