384 Easy Slope LnNew 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 384 Easy Slope Ln, New Castle, VA, 24127 generates $2,722/mo in rent, after a $3,377/mo payment. Total monthly income is $2,722/mo. Return on cash invested sits at 12.65% in year one, and rental yield is 4.73% on a $689,950 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation builds toward $190,620 over five years. Five-year ROI reaches 63.59% and total cumulative return in cash sums $144,340. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,722/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
15.60 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: THOMAS H PALMER, JR • ADVANTAGE REALTY LLC
Mls Name: RVAR
Mls ID: #924001