29029 Everett 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
Rental property for sale in Newsoms at 29029 Everett St, Newsoms, VA, 23874 generates $1,101/mo in rent and, after a $685/mo payment, leaves $264/mo in cash flow. Total monthly income is $1,101/mo, and annual cash flow is $3,172/yr on $46,410 invested. Return on cash invested sits at 26.74% in year one, and rental yield is 9.44% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 139.29% and total cumulative return in cash sums $64,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,101/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.26 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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