302 E Irvin StBlackstoneVA23824
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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
Investment Highlights
Rental property for sale in Blackstone at 302 E Irvin St, Blackstone, VA, 23824 generates $1,649/mo in rent and, after a $1,079/mo payment, leaves $331/mo in cash flow. Total monthly income is $1,649/mo, and annual cash flow is $3,975/yr on $73,063 invested. Return on cash invested sits at 25.35% in year one, and rental yield is 8.98% on a $220,400 entry. Equity gained on principal adds $1,422/yr, while 5% annual appreciation builds toward $60,892 over five years. Five-year ROI reaches 131.78% and total cumulative return in cash sums $96,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,649/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
7,405 sqft 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
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Listed by: Kelan Owens • eXp Realty LLC
Mls Name: South Central AOR VA
Mls ID: #57870