38 Jackson River RdMontereyVA24465
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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 Monterey at 38 Jackson River Rd, Monterey, VA, 24465 priced at $195,000 converts $1,549/mo rent into $384/mo cash flow after a $954/mo obligation. Total monthly income equals $1,549/mo, and annual cash flow totals $4,605/yr on $64,643 invested. Return on cash invested prints 27.03% in year one, and rental yield reads 9.53% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 140.77% and total cumulative return in cash sums $90,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,549/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1924
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24465, Monterey, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 978 (100%) |
| Owner Occupied HU | 533 (54.5%) |
| Renter Occupied HU | 113 (11.6%) |
| Vacant Housing Units | 332 (33.9%) |
| Median Home Value | $238,393 |
| Average Home Value | $271,857 |
Housing Distribution
Address Breakdown
Residential
587
Single Family
587
Multi-Family
0
Businesses
102
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