38 Pine RdgNew CastleVA24127
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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 New Castle at 38 Pine Rdg, New Castle, VA, 24127 offers $2,396/mo rent that, after a $2,618/mo payment. Total monthly income is $2,396/mo. Return on cash invested measures 14.6% in year one, and rental yield stands at 5.37% at a $534,950 entry. Equity gained on principal adds $3,452/yr while 5% annual appreciation compounds into $147,797 by year five. Five-year ROI records 74.04% and total cumulative return in cash reaches $130,309. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,396/mo property income versus a $2,618/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
8.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24127, New Castle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,438 (67.1%) |
| Renter Occupied HU | 291 (13.6%) |
| Vacant Housing Units | 414 (19.3%) |
| Median Home Value | $262,635 |
| Average Home Value | $283,960 |
Housing Distribution
Address Breakdown
Residential
1,871
Single Family
1,871
Multi-Family
0
Businesses
96
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Listed by: GRANT COCKRELL • RE/MAX ALL STARS
Mls Name: RVAR
Mls ID: #920835