313 Chatelaine AveDanvilleVA24541
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 313 Chatelaine Ave, Danville, VA, 24541 priced at $120,000 pairs $1,391/mo rent with $674/mo cash flow after a $587/mo payment. Total monthly income equals $1,391/mo, and annual cash flow comes to $8,088/yr on $39,780 invested. Return on cash invested is 40.24% in year one, and rental yield stands at 13.91% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 211.57% and total cumulative return in cash reaches $84,163. For financing, Ziffy Mortgage’s DSCR program evaluates $1,391/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24541, Danville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,208 (100%) |
| Owner Occupied HU | 6,545 (46.1%) |
| Renter Occupied HU | 5,578 (39.3%) |
| Vacant Housing Units | 2,085 (14.7%) |
| Median Home Value | $162,672 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
13,028
Single Family
11,668
Multi-Family
1,360
Businesses
943
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Nearby investment properties with comparable prices
Listed by: TRAVIS HILL • IVY REALTY OF ROANOKE LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #917028
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