320 Franklin Heights RdBassettVA24055
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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 Bassett at 320 Franklin Heights Rd, Bassett, VA, 24055 with 5% annual appreciation on a $159,000 basis while $1,110/mo rent supports operations. Total monthly income totals $1,110/mo and a $778/mo payment preserves $160/mo for cash returns. Annual cash flow comes to $1,917/yr on $52,709 deployed, and return on cash invested reaches 23.55% in year one. Equity gained on principal adds $1,026/yr, and five-year appreciation sums $43,929 alongside rental yield of 8.38%. Five-year ROI measures 122.1% and total cumulative return in cash totals $64,356.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,110/mo property income versus a $778/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24055, Bassett, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,207 (100%) |
| Owner Occupied HU | 4,100 (66.1%) |
| Renter Occupied HU | 1,206 (19.4%) |
| Vacant Housing Units | 901 (14.5%) |
| Median Home Value | $117,390 |
| Average Home Value | $168,245 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,523
Multi-Family
0
Businesses
235
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