285 Park Ave, Broadway, VA, 22815 | $229/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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285 Park Ave, Broadway, VA, 22815 | $229/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Broadway at 285 Park Ave, Broadway, VA, 22815 uses $46,377 cash to close to unlock $2,753/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $1,066/mo, and a $685/mo payment keeps the spread at $229/mo. Purchase price stands at $139,900, and rental yield measures 9.14% with $1,066/mo rent. Return on cash invested shows 25.85% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 134.45% and total cumulative return in cash records $62,355. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,066/mo property income covering a $685/mo payment rather than investor’s personal income.

Single Family

Built in 1942

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Attention Investors, This is a great opportunity in the town of Broadway. Located in a DEAD-END street, this fixer upper Metal Roof Brick House with a basement offers a 3 beds 1 bath, a large living room, and an independant dining area that flows into the kitchen. There is a foyer space in the front and a sunroom in the back of the house. The unfinished basement is 8feet high, and open for your imagination and creation. There are three sheds in the backyard, but they may not be of any use. The house sits on a 0.28 acres of land and is 50 feet close to Lee St. There is an adjacent 0.09 acre lot that comes with the house and house several outbuildings.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22815, Broadway, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,958 (100%)
Owner Occupied HU	2,754 (69.6%)
Renter Occupied HU	907 (22.9%)
Vacant Housing Units	297 ( 7.5%)
Median Home Value	$299,893
Average Home Value	$378,164