309 Longwood AveFarmvilleVA23901
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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
Rental property for sale in Farmville at 309 Longwood Ave, Farmville, VA, 23901 priced at $252,000 pairs $1,920/mo rent with $414/mo cash flow after a $1,233/mo payment. Total monthly income equals $1,920/mo, and annual cash flow comes to $4,968/yr on $83,538 invested. Return on cash invested is 25.86% in year one, and rental yield stands at 9.14% on a $252,000 basis. Equity gained on principal adds $1,626/yr, and 5% annual appreciation accumulates to $69,623 by year five. Five-year ROI measures 134.44% and total cumulative return in cash reaches $112,310. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $1,233/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1950
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23901, Farmville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,986 (100%) |
| Owner Occupied HU | 3,656 (52.3%) |
| Renter Occupied HU | 2,297 (32.9%) |
| Vacant Housing Units | 1,033 (14.8%) |
| Median Home Value | $258,258 |
| Average Home Value | $314,240 |
Housing Distribution
Address Breakdown
Residential
6,529
Single Family
6,277
Multi-Family
252
Businesses
691
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