304 Depot StGordonsvilleVA22942
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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 Gordonsville at 304 Depot St, Gordonsville, VA, 22942 offers a 8.05% rental yield on a $309,800 purchase with $2,078/mo rent. Total monthly income registers $2,078/mo, and a $1,516/mo payment leaves $226/mo available for distribution. Annual cash flow reaches $2,717/yr on $102,699 to close, and return on cash invested stands at 22.55% in year one. Equity gained on principal adds $1,999/yr while 5% annual appreciation supports $85,592 over five years. Portfolio math shows five-year ROI at 116.78% and total cumulative return in cash at $119,933. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,078/mo property income against a $1,516/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22942, Gordonsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,061 (100%) |
| Owner Occupied HU | 3,578 (70.7%) |
| Renter Occupied HU | 961 (19.0%) |
| Vacant Housing Units | 522 (10.3%) |
| Median Home Value | $367,492 |
| Average Home Value | $440,245 |
Housing Distribution
Address Breakdown
Residential
4,015
Single Family
3,978
Multi-Family
37
Businesses
212
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Listed by: Jami Harich • Century 21 Redwood Realty
Mls Name: Bright MLS
Mls ID: #VAOR2013044