310 Morton LnAppomattoxVA24522
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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 Appomattox at 310 Morton Ln, Appomattox, VA, 24522 priced at $255,000 converts $2,808/mo rent into $1,284/mo cash flow after a $1,248/mo obligation. Total monthly income equals $2,808/mo, and annual cash flow totals $15,405/yr on $84,533 invested. Return on cash invested prints 38.13% in year one, and rental yield reads 13.21% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 200.28% and total cumulative return in cash sums $169,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,808/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24522, Appomattox, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,929 (100%) |
| Owner Occupied HU | 3,391 (68.8%) |
| Renter Occupied HU | 973 (19.7%) |
| Vacant Housing Units | 565 (11.5%) |
| Median Home Value | $227,098 |
| Average Home Value | $284,238 |
Housing Distribution
Address Breakdown
Residential
4,236
Single Family
4,236
Multi-Family
0
Businesses
367
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Listed by: Seth Parris • Nolen Real Estate
Mls Name: LMLS
Mls ID: #360639