388 Collins Ferry RdGladysVA24554
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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 Gladys at 388 Collins Ferry Rd, Gladys, VA, 24554 offers $1,576/mo rent that, after a $1,121/mo payment, leaves $207/mo cash flow. Total monthly income is $1,576/mo, and annual cash flow is $2,483/yr on $75,914 cash. Return on cash invested measures 23.18% in year one, and rental yield stands at 8.26% at a $229,000 entry. Equity gained on principal adds $1,478/yr while 5% annual appreciation compounds into $63,268 by year five. Five-year ROI records 120.08% and total cumulative return in cash reaches $91,157. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,576/mo property income versus a $1,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1990
3.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24554, Gladys, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,940 (100%) |
| Owner Occupied HU | 1,394 (71.9%) |
| Renter Occupied HU | 328 (16.9%) |
| Vacant Housing Units | 218 (11.2%) |
| Median Home Value | $195,339 |
| Average Home Value | $219,946 |
Housing Distribution
Address Breakdown
Residential
1,739
Single Family
1,739
Multi-Family
0
Businesses
55
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Listed by: Corrie Hall • eXp Realty LLC-Lynchburg
Mls Name: LMLS
Mls Provider:
Mls ID: #355550
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.