280 Oak StRocky MountVA24151
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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
Investment property for sale in Rocky Mount at 280 Oak St, Rocky Mount, VA, 24151 uses $82,842 cash to close to unlock $3,375/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,775/mo, and a $1,223/mo payment keeps the spread at $281/mo. Purchase price stands at $249,900, and rental yield measures 8.52% with $1,775/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 124.45% and total cumulative return in cash records $103,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,775/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.26 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
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Listed by: TONYA DEANN BREDAMUS • KW MARTINSVILLE
Mls Name: RVAR
Mls ID: #923822