29007 N Main StNewsomsVA23874
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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
Investment property for sale in Newsoms at 29007 N Main St, Newsoms, VA, 23874 listed at $289,900 pairs $2,666/mo rent with a $1,419/mo payment to leave $933/mo cash flow. Total monthly income runs $2,666/mo, and annual cash flow reaches $11,195/yr on $96,102 cash to close. Return on cash invested measures 31.56% in year one, and rental yield registers 11.04% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 165.02% and total cumulative return in cash totals $158,589. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,666/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23874, Newsoms, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 468 (100%) |
| Owner Occupied HU | 317 (67.7%) |
| Renter Occupied HU | 78 (16.7%) |
| Vacant Housing Units | 73 (15.6%) |
| Median Home Value | $216,237 |
| Average Home Value | $219,606 |
Housing Distribution
Address Breakdown
Residential
412
Single Family
412
Multi-Family
0
Businesses
30
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Listed by: Amanda Crumpler • Hometown Realty LLC
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10602014
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