3 Pine LnNew CastleVA24127
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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
Investment Highlights
Investment property for sale in New Castle at 3 Pine Ln, New Castle, VA, 24127 offers a 9.36% rental yield on a $168,000 purchase with $1,310/mo rent. Total monthly income registers $1,310/mo, and a $822/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,672/yr on $55,692 to close, and return on cash invested stands at 26.5% in year one. Equity gained on principal adds $1,084/yr while 5% annual appreciation supports $46,415 over five years. Portfolio math shows five-year ROI at 137.89% and total cumulative return in cash at $76,793. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,310/mo property income against a $822/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24127, New Castle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,438 (67.1%) |
| Renter Occupied HU | 291 (13.6%) |
| Vacant Housing Units | 414 (19.3%) |
| Median Home Value | $262,635 |
| Average Home Value | $283,960 |
Housing Distribution
Address Breakdown
Residential
1,871
Single Family
1,871
Multi-Family
0
Businesses
96
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Listed by: ALYSSA STUMP CARPER • MKB, REALTORS(r) - NEW CASTLE
Mls Name: RVAR
Mls ID: #918079