306 Chaptico RdSouth HillVA23970
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 South Hill at 306 Chaptico Rd, South Hill, VA, 23970 priced at $375,000 converts $2,882/mo rent into $641/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,882/mo, and annual cash flow totals $7,689/yr on $124,313 invested. Return on cash invested prints 26.09% in year one, and rental yield reads 9.22% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 135.72% and total cumulative return in cash sums $168,723. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,882/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23970, South Hill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 2,055 (51.5%) |
| Renter Occupied HU | 1,432 (35.9%) |
| Vacant Housing Units | 503 (12.6%) |
| Median Home Value | $195,337 |
| Average Home Value | $244,914 |
Housing Distribution
Address Breakdown
Residential
3,749
Single Family
3,571
Multi-Family
178
Businesses
536
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Listed by: Dora Smith , RSPS, AHWD, CLHMS • NextHome 1st Choice
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140073