298 Colonial Trl ESurryVA23883
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow298 Colonial Trl E, Surry, VA, 23883 in Surry earns its strong cash-flow label: 19.46% yield, $1,622/mo rent, $1,020/mo net income, DSCR 3.60. The $100,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $27,628 by year five. Combined with $921/yr in principal paydown, total projected return reaches $103,493.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 19.5% | 6.2% |
| Monthly Cash Flow | $1,020 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,622 |
| Total Monthly Debt Service | $562 |
| DSCR Ratio | 2.89x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1946
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23883, Surry, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 822 (68.6%) |
| Renter Occupied HU | 163 (13.6%) |
| Vacant Housing Units | 214 (17.8%) |
| Median Home Value | $330,488 |
| Average Home Value | $374,051 |
Housing Distribution
Address Breakdown
Residential
961
Single Family
961
Multi-Family
0
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1946
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23883, Surry, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 822 (68.6%) |
| Renter Occupied HU | 163 (13.6%) |
| Vacant Housing Units | 214 (17.8%) |
| Median Home Value | $330,488 |
| Average Home Value | $374,051 |
Housing Distribution
Address Breakdown
Residential
961
Single Family
961
Multi-Family
0
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: T Patrick Barnes • Daniel And Daniel Realty, Inc.
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2523127
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.