3623 Cottage RdBlackstoneVA23824
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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 Blackstone at 3623 Cottage Rd, Blackstone, VA, 23824 priced at $325,000 converts $1,837/mo rent into after a $1,591/mo obligation. Total monthly income equals $1,837/mo. Return on cash invested prints 18.73% in year one, and rental yield reads 6.78% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 96.22% and total cumulative return in cash sums $103,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,837/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1900
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23824, Blackstone, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,463 (100%) |
| Owner Occupied HU | 1,865 (53.9%) |
| Renter Occupied HU | 1,090 (31.5%) |
| Vacant Housing Units | 508 (14.7%) |
| Median Home Value | $232,825 |
| Average Home Value | $257,335 |
Housing Distribution
Address Breakdown
Residential
3,189
Single Family
3,122
Multi-Family
67
Businesses
325
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Listed by: Les Roark • Lee Simmons Signature Realty
Mls Name: South Central AOR VA
Mls Provider:
Mls ID: #52734
Disclaimer: Copyright of the South Central Association of Realtors. All rights reserved.Information is deemed reliable but not guaranteed.