37 Chase StKilmarnockVA22482
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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 Kilmarnock at 37 Chase St, Kilmarnock, VA, 22482 priced at $459,000 converts $2,491/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,491/mo. Return on cash invested prints 17.91% in year one, and rental yield reads 6.51% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 91.85% and total cumulative return in cash sums $139,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,491/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22482, Kilmarnock, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 1,051 (59.0%) |
| Renter Occupied HU | 255 (14.3%) |
| Vacant Housing Units | 474 (26.6%) |
| Median Home Value | $473,636 |
| Average Home Value | $521,606 |
Housing Distribution
Address Breakdown
Residential
1,296
Single Family
1,296
Multi-Family
0
Businesses
363
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Listed by: Cheryl Felthouse • Middle Bay Realty - K
Mls Name: Northern Neck AOR
Mls ID: #119315
Disclaimer: Copyright Northern Neck Association of Realtors. All rights reserved. Listing information is deemed reliable, but not guaranteed.