349 W Main StDanvilleVA24541
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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 Danville at 349 W Main St, Danville, VA, 24541 at $489,900 posts ROI 7.8% with from $1,290/mo rent. Total monthly income equals $1,290/mo. Return on cash invested measures 7.8% and rental yield reads 3.16% at the current $489,900. Equity gained on principal adds $3,161/yr, and 5% annual appreciation supports $135,350 by year five. Five-year ROI prints 37.64% and total cumulative return in cash totals $61,133. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,290/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1909
0.25 Acres 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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Listed by: Chuck Eskey • ESKEY & ASSOCIATES REALTY
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74312
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.