3135 3rd AveSaint PaulVA24283
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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 Saint Paul at 3135 3rd Ave, Saint Paul, VA, 24283 generates $1,027/mo in rent and, after a $646/mo payment, leaves $238/mo in cash flow. Total monthly income is $1,027/mo, and annual cash flow is $2,856/yr on $43,758 invested. Return on cash invested sits at 26.44% in year one, and rental yield is 9.34% on a $132,000 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 137.57% and total cumulative return in cash sums $60,199. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,027/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24283, Saint Paul, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,073 (100%) |
| Owner Occupied HU | 649 (60.5%) |
| Renter Occupied HU | 255 (23.8%) |
| Vacant Housing Units | 169 (15.8%) |
| Median Home Value | $116,009 |
| Average Home Value | $162,392 |
Housing Distribution
Address Breakdown
Residential
772
Single Family
772
Multi-Family
0
Businesses
78
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Listed by: Jarrad Addison • Century 21 Bennett & Edwards
Mls Name: TVRMLS
Mls ID: #9986781