316 Allen CtEmporiaVA23847
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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 Emporia at 316 Allen Ct, Emporia, VA, 23847 uses $96,135 cash to close to unlock $9,958/yr annual cash flow and $830/mo monthly cash flow. Total monthly income runs $2,563/mo, and a $1,419/mo payment keeps the spread at $830/mo. Purchase price stands at $290,000, and rental yield measures 10.61% with $2,563/mo rent. Return on cash invested shows 30.27% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 158.12% and total cumulative return in cash records $152,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,563/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23847, Emporia, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,175 (100%) |
| Owner Occupied HU | 3,117 (50.5%) |
| Renter Occupied HU | 2,190 (35.5%) |
| Vacant Housing Units | 868 (14.1%) |
| Median Home Value | $161,052 |
| Average Home Value | $194,820 |
Housing Distribution
Address Breakdown
Residential
5,630
Single Family
5,559
Multi-Family
71
Businesses
562
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