301 Merritt St, South Boston, VA, 24592 | $817/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in South Boston at 301 Merritt St, South Boston, VA, 24592 uses $75,549 cash to close to unlock $9,805/yr annual cash flow and $817/mo monthly cash flow. Total monthly income runs $2,179/mo, and a $1,115/mo payment keeps the spread at $817/mo. Purchase price stands at $227,900, and rental yield measures 11.47% with $2,179/mo rent. Return on cash invested shows 32.89% in year one, and 5% annual appreciation builds toward $62,965 over five years. Five-year ROI reaches 172.21% and total cumulative return in cash records $130,099. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,179/mo property income covering a $1,115/mo payment rather than investor’s personal income.

Single Family

Built in 1963

0.38 Acres lot

$N/A/sqft

No HOA