367 Spring Branch RdAraratVA24053
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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 Ararat at 367 Spring Branch Rd, Ararat, VA, 24053 uses $109,064 cash to close to unlock $4,915/yr annual cash flow and $410/mo monthly cash flow. Total monthly income runs $2,376/mo, and a $1,610/mo payment keeps the spread at $410/mo. Purchase price stands at $329,000, and rental yield measures 8.67% with $2,376/mo rent. Return on cash invested shows 24.42% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 126.74% and total cumulative return in cash records $138,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,376/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1964
1.57 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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