307 Virginia AveDanvilleVA24541
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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 Danville at 307 Virginia Ave, Danville, VA, 24541 earns $381/mo cash flow from $1,502/mo rent with a $918/mo payment. Total monthly income totals $1,502/mo, and annual cash flow totals $4,570/yr on $62,156 capital. ROI tracks 27.26% on current figures, and rental yield reads 9.61% at a $187,500 purchase. Equity gained on principal adds $1,210/yr, and 5% annual appreciation supports $51,803 over five years. Five-year ROI reaches 142.01% and total cumulative return in cash sums $88,267. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,502/mo property income instead of your personal income.
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24541, Danville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,208 (100%) |
| Owner Occupied HU | 6,545 (46.1%) |
| Renter Occupied HU | 5,578 (39.3%) |
| Vacant Housing Units | 2,085 (14.7%) |
| Median Home Value | $162,672 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
13,028
Single Family
11,668
Multi-Family
1,360
Businesses
943
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Listed by: James Buckner • WILKINS & CO., REALTORS, INC.
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #72457
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.