31130 Drummondtown RdMelfaVA23410
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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 Melfa at 31130 Drummondtown Rd, Melfa, VA, 23410 offers a 8.33% rental yield on a $187,000 purchase with $1,298/mo rent. Total monthly income registers $1,298/mo, and a $915/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,165/yr on $61,991 to close, and return on cash invested stands at 23.4% in year one. Equity gained on principal adds $1,207/yr while 5% annual appreciation supports $51,665 over five years. Portfolio math shows five-year ROI at 121.31% and total cumulative return in cash at $75,198. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,298/mo property income against a $915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
0.57 Acres lot
$N/A/sqft
No HOA
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Listed by: Leslie Parker • COLDWELL BANKER HARBOUR REALTY
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #60731
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