380 Virginia House LnIndependenceVA24348
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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 Independence at 380 Virginia House Ln, Independence, VA, 24348 priced at $599,000 pairs $3,876/mo rent with $295/mo cash flow after a $2,932/mo payment. Total monthly income equals $3,876/mo, and annual cash flow comes to $3,541/yr on $197,071 invested. Return on cash invested is 21.86% in year one, and rental yield stands at 7.76% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 113% and total cumulative return in cash reaches $222,682. For financing, Ziffy Mortgage’s DSCR program evaluates $3,876/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Home Type Unknown
Built in 1986
5 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24348, Independence, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,235 (55.5%) |
| Renter Occupied HU | 393 (17.7%) |
| Vacant Housing Units | 598 (26.9%) |
| Median Home Value | $164,875 |
| Average Home Value | $254,006 |
Housing Distribution
Address Breakdown
Residential
1,807
Single Family
1,807
Multi-Family
0
Businesses
154
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Listed by: N/A • N/A
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Mls ID: #N/A