2861 Lockett RdRiceVA23966
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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 Rice at 2861 Lockett Rd, Rice, VA, 23966 offers $1,247/mo rent that, after a $1,272/mo payment. Total monthly income is $1,247/mo. Return on cash invested measures 15.64% in year one, and rental yield stands at 5.76% at a $259,900 entry. Equity gained on principal adds $1,677/yr while 5% annual appreciation compounds into $71,806 by year five. Five-year ROI records 79.71% and total cumulative return in cash reaches $68,674. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,247/mo property income versus a $1,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23966, Rice, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,140 (100%) |
| Owner Occupied HU | 767 (67.3%) |
| Renter Occupied HU | 268 (23.5%) |
| Vacant Housing Units | 105 ( 9.2%) |
| Median Home Value | $215,317 |
| Average Home Value | $222,559 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
1,030
Multi-Family
0
Businesses
29
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