314 Terry AveDanvilleVA24540
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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 Danville at 314 Terry Ave, Danville, VA, 24540 priced at $144,900 converts $1,113/mo rent into $247/mo cash flow after a $709/mo obligation. Total monthly income equals $1,113/mo, and annual cash flow totals $2,964/yr on $48,034 invested. Return on cash invested prints 26.08% in year one, and rental yield reads 9.22% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 135.75% and total cumulative return in cash sums $65,209. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,113/mo property income covering a $709/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.88 Acres lot
$N/A/sqft
No HOA
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Listed by: Chuck Eskey • ESKEY & ASSOCIATES REALTY
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #69729
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.