40 Northside RdRocky MountVA24151
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rocky Mount at 40 Northside Rd, Rocky Mount, VA, 24151 priced at $109,000 pairs $864/mo rent with $212/mo cash flow after a $534/mo payment. Total monthly income equals $864/mo, and annual cash flow comes to $2,543/yr on $36,134 invested. Return on cash invested is 26.95% in year one, and rental yield stands at 9.51% on a $109,000 basis. Equity gained on principal adds $703/yr, and 5% annual appreciation accumulates to $30,115 by year five. Five-year ROI measures 140.31% and total cumulative return in cash reaches $50,698. For financing, Ziffy Mortgage’s DSCR program evaluates $864/mo property income against a $534/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
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Listed by: Ricky Smith • MKB, REALTORS(r) - AT THE LAKE
Mls Name: RVAR
Mls Provider:
Mls ID: #910020
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