311 3rd AveDanvilleVA24540
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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 Danville at 311 3rd Ave, Danville, VA, 24540 generates $1,175/mo in rent and, after a $734/mo payment, leaves $279/mo in cash flow. Total monthly income is $1,175/mo, and annual cash flow is $3,342/yr on $49,725 invested. Return on cash invested sits at 26.63% in year one, and rental yield is 9.4% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 138.65% and total cumulative return in cash sums $68,946. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,175/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.32 Acres lot
$N/A/sqft
No HOA
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Listed by: Alisa Davis • WILKINS & CO., REALTORS, INC.
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #69934
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