3881 Longview DrCollinsvilleVA24078
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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 Collinsville at 3881 Longview Dr, Collinsville, VA, 24078 generates $1,879/mo in rent and, after a $994/mo payment, leaves $665/mo in cash flow. Total monthly income is $1,879/mo, and annual cash flow is $7,981/yr on $67,295 invested. Return on cash invested sits at 31.77% in year one, and rental yield is 11.11% on a $203,000 entry. Equity gained on principal adds $1,310/yr, while 5% annual appreciation builds toward $56,085 over five years. Five-year ROI reaches 166.23% and total cumulative return in cash sums $111,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,879/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24078, Collinsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,549 (100%) |
| Owner Occupied HU | 1,893 (53.3%) |
| Renter Occupied HU | 1,234 (34.8%) |
| Vacant Housing Units | 422 (11.9%) |
| Median Home Value | $137,580 |
| Average Home Value | $165,283 |
Housing Distribution
Address Breakdown
Residential
3,182
Single Family
3,088
Multi-Family
94
Businesses
289
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Listed by: Lucinda Scruggs • QUALITY REALTY
Mls Name: RVAR
Mls ID: #918846