381 Frying Pan LnPittsvilleVA24139
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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 Pittsville at 381 Frying Pan Ln, Pittsville, VA, 24139 priced at $175,000 converts $1,421/mo rent into $374/mo cash flow after a $857/mo obligation. Total monthly income equals $1,421/mo, and annual cash flow totals $4,493/yr on $58,013 invested. Return on cash invested prints 27.65% in year one, and rental yield reads 9.74% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 144.15% and total cumulative return in cash sums $83,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,421/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1995
8.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24139, Pittsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 399 (100%) |
| Owner Occupied HU | 260 (65.2%) |
| Renter Occupied HU | 47 (11.8%) |
| Vacant Housing Units | 92 (23.1%) |
| Median Home Value | $162,857 |
| Average Home Value | $250,125 |
Housing Distribution
Address Breakdown
Residential
294
Single Family
294
Multi-Family
0
Businesses
4
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Listed by: Krystle Hicks • NEXTHOME TWOFOURFIVE
Mls Name: Dan River Region AOR
Mls ID: #74747