280 Hillcrest DrRocky MountVA24151
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 Rocky Mount at 280 Hillcrest Dr, Rocky Mount, VA, 24151 priced at $450,000 converts $2,629/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,629/mo. Return on cash invested prints 19.41% in year one, and rental yield reads 7.01% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 99.92% and total cumulative return in cash sums $149,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,629/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1965
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ANGIE MCGHEE • MKB, REALTORS(r) - FRANKLIN CO
Mls Name: RVAR
Mls ID: #924050