3049 L P Bailey Memorial HwyHalifaxVA24558
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 Halifax at 3049 L P Bailey Memorial Hwy, Halifax, VA, 24558 priced at $260,000 pairs $2,371/mo rent with $816/mo cash flow after a $1,273/mo payment. Total monthly income equals $2,371/mo, and annual cash flow comes to $9,796/yr on $86,190 invested. Return on cash invested is 31.27% in year one, and rental yield stands at 10.94% on a $260,000 basis. Equity gained on principal adds $1,678/yr, and 5% annual appreciation accumulates to $71,833 by year five. Five-year ROI measures 163.56% and total cumulative return in cash reaches $140,969. For financing, Ziffy Mortgage’s DSCR program evaluates $2,371/mo property income against a $1,273/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24558, Halifax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,380 (100%) |
| Owner Occupied HU | 2,192 (64.9%) |
| Renter Occupied HU | 731 (21.6%) |
| Vacant Housing Units | 457 (13.5%) |
| Median Home Value | $165,402 |
| Average Home Value | $221,179 |
Housing Distribution
Address Breakdown
Residential
2,595
Single Family
2,567
Multi-Family
28
Businesses
205
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Listed by: Jeremy Holt • Oak River Realty - South Boston
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71050
Disclaimer: Copyright Southern Piedmont Land & Lake Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.