358 Lynne DrAraratVA24053
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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 Ararat at 358 Lynne Dr, Ararat, VA, 24053 priced at $223,000 pairs $2,126/mo rent with $793/mo cash flow after a $1,091/mo payment. Total monthly income equals $2,126/mo, and annual cash flow comes to $9,521/yr on $73,925 invested. Return on cash invested is 32.79% in year one, and rental yield stands at 11.44% on a $223,000 basis. Equity gained on principal adds $1,439/yr, and 5% annual appreciation accumulates to $61,611 by year five. Five-year ROI measures 171.65% and total cumulative return in cash reaches $126,893. For financing, Ziffy Mortgage’s DSCR program evaluates $2,126/mo property income against a $1,091/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
2.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24053, Ararat, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,303 (100%) |
| Owner Occupied HU | 786 (60.3%) |
| Renter Occupied HU | 244 (18.7%) |
| Vacant Housing Units | 273 (21.0%) |
| Median Home Value | $174,167 |
| Average Home Value | $239,253 |
Housing Distribution
Address Breakdown
Residential
1,099
Single Family
1,099
Multi-Family
0
Businesses
36
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