3510 Us Highway 29DanvilleVA24540
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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 3510 Us Highway 29, Danville, VA, 24540 generates $1,351/mo in rent and, after a $876/mo payment, leaves $281/mo in cash flow. Total monthly income is $1,351/mo, and annual cash flow is $3,373/yr on $59,339 invested. Return on cash invested sits at 25.59% in year one, and rental yield is 9.06% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 133.11% and total cumulative return in cash sums $78,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,351/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.62 Acres lot
$N/A/sqft
No HOA
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Listed by: Richard Fain • JEFF DAVIS & ASSOCIATES, LLC
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74124
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.