392 Palmer Springs RdBoydtonVA23917
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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
Investment property for sale in Boydton at 392 Palmer Springs Rd, Boydton, VA, 23917 uses $76,908 cash to close to unlock $2,912/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,630/mo, and a $1,136/mo payment keeps the spread at $243/mo. Purchase price stands at $232,000, and rental yield measures 8.43% with $1,630/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $64,097 over five years. Five-year ROI reaches 122.87% and total cumulative return in cash records $94,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,630/mo property income covering a $1,136/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
2.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23917, Boydton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,059 (100%) |
| Owner Occupied HU | 1,087 (52.8%) |
| Renter Occupied HU | 255 (12.4%) |
| Vacant Housing Units | 717 (34.8%) |
| Median Home Value | $238,477 |
| Average Home Value | $307,509 |
Housing Distribution
Address Breakdown
Residential
1,526
Single Family
1,526
Multi-Family
0
Businesses
110
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