302 Myrtle St APT FAshlandVA23005
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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
Investment property for sale in Ashland at 302 Myrtle St APT F, Ashland, VA, 23005 listed at $429,000 pairs $2,573/mo rent with a $2,100/mo payment to leave $8/mo cash flow. Total monthly income runs $2,573/mo, and annual cash flow reaches $99/yr on $142,214 cash to close. Return on cash invested measures 19.98% in year one, and rental yield registers 7.2% at a $429,000 basis. Equity gained on principal adds $2,768/yr, and annual property appreciation at 5% supports $118,525 by year five. Five-year ROI tracks 102.96% and total cumulative return in cash totals $146,425. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,573/mo property income relative to a $2,100/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1997
3,833 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23005, Ashland, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,798 (100%) |
| Owner Occupied HU | 5,395 (69.2%) |
| Renter Occupied HU | 1,943 (24.9%) |
| Vacant Housing Units | 460 ( 5.9%) |
| Median Home Value | $441,105 |
| Average Home Value | $472,164 |
Housing Distribution
Address Breakdown
Residential
7,503
Single Family
7,117
Multi-Family
386
Businesses
1,830
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