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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Shipman at 289 Ravens Nest Dr, Shipman, VA, 22971 priced at $395,000 pairs $2,396/mo rent with $35/mo cash flow after a $1,933/mo payment. Total monthly income equals $2,396/mo, and annual cash flow comes to $421/yr on $130,943 invested. Return on cash invested is 20.23% in year one, and rental yield stands at 7.28% on a $395,000 basis. Equity gained on principal adds $2,549/yr, and 5% annual appreciation accumulates to $109,131 by year five. Five-year ROI measures 104.31% and total cumulative return in cash reaches $136,590. For financing, Ziffy Mortgage’s DSCR program evaluates $2,396/mo property income against a $1,933/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
10.70 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22971, Shipman, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 699 (100%) |
| Owner Occupied HU | 426 (60.9%) |
| Renter Occupied HU | 133 (19.0%) |
| Vacant Housing Units | 140 (20.0%) |
| Median Home Value | $313,514 |
| Average Home Value | $375,974 |
Residential
769
Single Family
738
Multi-Family
31
Businesses
14
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Listed for sale | $395,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-03 | $1610.70 | N/A | $247,800 | N/A |
| 2022-04-03 | $1610.70 | 10.86% | $247,800 | 22.79% |
| 2021-04-03 | $1452.96 | N/A | $201,800 | N/A |
Listed by: Ivy Haines • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #662612
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
