2869 Slate Hill Rd, New Canton, VA, 23123 | $391/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2869 Slate Hill Rd, New Canton, VA, 23123 | $391/mo Cash Flow | Ziffy

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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 New Canton at 2869 Slate Hill Rd, New Canton, VA, 23123 listed at $175,500 pairs $1,440/mo rent with a $859/mo payment to leave $391/mo cash flow. Total monthly income runs $1,440/mo, and annual cash flow reaches $4,690/yr on $58,178 cash to close. Return on cash invested measures 27.97% in year one, and rental yield registers 9.85% at a $175,500 basis. Equity gained on principal adds $1,132/yr, and annual property appreciation at 5% supports $48,487 by year five. Five-year ROI tracks 145.8% and total cumulative return in cash totals $84,824. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,440/mo property income relative to a $859/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2021

3.75 Acres lot

$N/A/sqft

No HOA

More details about the property

Luxury 16x76 3 bed/2 bath singlewide that sits on 3.75 acres in Buckingham County. This home boasts all the features and comfort of an elegant doublewide at a discounted price. The acreage allows for privacy to enjoy the peace and quiet of country living or space to entertain family and friends for gatherings. Perfect starter home or second home for a country retreat!

Neighborhood Data

Neighborhood data shown for ZIP Code: 23123, New Canton, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	792 (100%)
Owner Occupied HU	505 (63.8%)
Renter Occupied HU	161 (20.3%)
Vacant Housing Units	126 (15.9%)
Median Home Value	$189,674
Average Home Value	$351,995