301 Sullivan StBlackstoneVA23824
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 Blackstone at 301 Sullivan St, Blackstone, VA, 23824 generates $1,757/mo in rent and, after a $905/mo payment, leaves $652/mo in cash flow. Total monthly income is $1,757/mo, and annual cash flow is $7,819/yr on $61,328 invested. Return on cash invested sits at 32.66% in year one, and rental yield is 11.4% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 170.94% and total cumulative return in cash sums $104,835. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,757/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23824, Blackstone, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,463 (100%) |
| Owner Occupied HU | 1,865 (53.9%) |
| Renter Occupied HU | 1,090 (31.5%) |
| Vacant Housing Units | 508 (14.7%) |
| Median Home Value | $232,825 |
| Average Home Value | $257,335 |
Housing Distribution
Address Breakdown
Residential
3,189
Single Family
3,122
Multi-Family
67
Businesses
325
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Novak • eXp Realty, LLC-(C)
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138878
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.