29465 Racetrack RdMelfaVA23410
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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 Melfa at 29465 Racetrack Rd, Melfa, VA, 23410 listed at $319,990 pairs $2,835/mo rent with a $1,566/mo payment to leave $922/mo cash flow. Total monthly income runs $2,835/mo, and annual cash flow reaches $11,068/yr on $106,077 cash to close. Return on cash invested measures 30.34% in year one, and rental yield registers 10.63% at a $319,990 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,407 by year five. Five-year ROI tracks 158.53% and total cumulative return in cash totals $168,168. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,835/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1984
1.11 Acres lot
$N/A/sqft
No HOA
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Listed by: Leslie Lewis • Weichert, Realtors Mason - Davis
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #59385
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