311 Herndon AveNew CastleVA24127
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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 New Castle at 311 Herndon Ave, New Castle, VA, 24127 earns $166/mo cash flow from $2,196/mo rent with a $1,662/mo payment. Total monthly income totals $2,196/mo, and annual cash flow totals $1,995/yr on $112,544 capital. ROI tracks 21.68% on current figures, and rental yield reads 7.76% at a $339,500 purchase. Equity gained on principal adds $2,191/yr, and 5% annual appreciation supports $93,798 over five years. Five-year ROI reaches 112.1% and total cumulative return in cash sums $126,161. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,196/mo property income instead of your personal income.
Single Family
Built in 2002
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24127, New Castle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,438 (67.1%) |
| Renter Occupied HU | 291 (13.6%) |
| Vacant Housing Units | 414 (19.3%) |
| Median Home Value | $262,635 |
| Average Home Value | $283,960 |
Housing Distribution
Address Breakdown
Residential
1,871
Single Family
1,871
Multi-Family
0
Businesses
96
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Listed by: BILL KERN • MKB, REALTORS(r)
Mls Name: RVAR
Mls ID: #919675