284 Salem RdFreemanVA23856
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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 Freeman at 284 Salem Rd, Freeman, VA, 23856 priced at $259,000 converts $1,699/mo rent into $150/mo cash flow after a $1,268/mo obligation. Total monthly income equals $1,699/mo, and annual cash flow totals $1,805/yr on $85,859 invested. Return on cash invested prints 22.01% in year one, and rental yield reads 7.87% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 113.87% and total cumulative return in cash sums $97,768. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,699/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23856, Freeman, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 479 (100%) |
| Owner Occupied HU | 281 (58.7%) |
| Renter Occupied HU | 117 (24.4%) |
| Vacant Housing Units | 81 (16.9%) |
| Median Home Value | $124,769 |
| Average Home Value | $175,614 |
Housing Distribution
Address Breakdown
Residential
402
Single Family
402
Multi-Family
0
Businesses
23
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