377 Old Dominion 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
Total monthly income runs $840/mo, and a $778/mo payment. Purchase price stands at $159,000, and rental yield measures 6.34% with $840/mo rent. Return on cash invested shows 17.4% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 89.11% and total cumulative return in cash records $46,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $840/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.80 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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