311 Sharps Creek DrScottsvilleVA24590
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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 Scottsville at 311 Sharps Creek Dr, Scottsville, VA, 24590 offers $2,982/mo rent that, after a $1,835/mo payment, leaves $741/mo cash flow. Total monthly income is $2,982/mo, and annual cash flow is $8,889/yr on $124,313 cash. Return on cash invested measures 27.06% in year one, and rental yield stands at 9.54% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 140.9% and total cumulative return in cash reaches $175,155. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,982/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
3.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24590, Scottsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,739 (100%) |
| Owner Occupied HU | 2,733 (73.1%) |
| Renter Occupied HU | 612 (16.4%) |
| Vacant Housing Units | 394 (10.5%) |
| Median Home Value | $333,301 |
| Average Home Value | $423,589 |
Housing Distribution
Address Breakdown
Residential
3,256
Single Family
3,256
Multi-Family
0
Businesses
187
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Listed by: JOSHUA D WHITE • STORY HOUSE REAL ESTATE
Mls Name: CAAR
Mls Provider:
Mls ID: #665651