300 Thompson AveWest PointVA23181
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
Investment Highlights
Rental property for sale in West Point at 300 Thompson Ave, West Point, VA, 23181 priced at $349,000 converts $2,471/mo rent into $385/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,471/mo, and annual cash flow totals $4,619/yr on $115,694 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 8.5% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 123.97% and total cumulative return in cash sums $143,424. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,471/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1934
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23181, West Point, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,721 (100%) |
| Owner Occupied HU | 2,009 (73.8%) |
| Renter Occupied HU | 522 (19.2%) |
| Vacant Housing Units | 190 ( 7.0%) |
| Median Home Value | $321,447 |
| Average Home Value | $389,561 |
Housing Distribution
Address Breakdown
Residential
1,901
Single Family
1,861
Multi-Family
40
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sommer Baumfalk • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2600335