283 Louise LnEllistonVA24087
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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 Elliston at 283 Louise Ln, Elliston, VA, 24087 listed at $285,400 pairs $2,412/mo rent with a $1,397/mo payment to leave $706/mo cash flow. Total monthly income runs $2,412/mo, and annual cash flow reaches $8,470/yr on $94,610 cash to close. Return on cash invested measures 28.86% in year one, and rental yield registers 10.14% at a $285,400 basis. Equity gained on principal adds $1,842/yr, and annual property appreciation at 5% supports $78,851 by year five. Five-year ROI tracks 150.57% and total cumulative return in cash totals $142,452. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,412/mo property income relative to a $1,397/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
4,617 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24087, Elliston, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,709 (100%) |
| Owner Occupied HU | 1,251 (73.2%) |
| Renter Occupied HU | 281 (16.4%) |
| Vacant Housing Units | 177 (10.4%) |
| Median Home Value | $249,752 |
| Average Home Value | $327,828 |
Housing Distribution
Address Breakdown
Residential
1,496
Single Family
1,496
Multi-Family
0
Businesses
63
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