285 Eastview DrCollinsvilleVA24078
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 Collinsville at 285 Eastview Dr, Collinsville, VA, 24078 priced at $168,500 converts $1,466/mo rent into $458/mo cash flow after a $825/mo obligation. Total monthly income equals $1,466/mo, and annual cash flow totals $5,502/yr on $55,858 invested. Return on cash invested prints 29.76% in year one, and rental yield reads 10.44% against a $168,500 entry. Equity gained on principal adds $1,087/yr, while 5% annual appreciation compiles into $46,553 by year five. Five-year ROI reaches 155.4% and total cumulative return in cash sums $86,802. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,466/mo property income covering a $825/mo payment, not borrower’s personal income.
Single Family
Built in 1953
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24078, Collinsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,549 (100%) |
| Owner Occupied HU | 1,893 (53.3%) |
| Renter Occupied HU | 1,234 (34.8%) |
| Vacant Housing Units | 422 (11.9%) |
| Median Home Value | $137,580 |
| Average Home Value | $165,283 |
Housing Distribution
Address Breakdown
Residential
3,182
Single Family
3,088
Multi-Family
94
Businesses
289
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Nearby investment properties with comparable prices
Listed by: Nelson Evans • Berry-Elliott, REALTORS
Mls Name: MVMLS
Mls ID: #144654
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.