402 S Main StLawrencevilleVA23868
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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 Lawrenceville at 402 S Main St, Lawrenceville, VA, 23868 offers $2,042/mo rent that, after a $585/mo payment, leaves $1,328/mo cash flow. Total monthly income is $2,042/mo, and annual cash flow is $15,930/yr on $39,614 cash. Return on cash invested measures 60.12% in year one, and rental yield stands at 20.51% at a $119,500 entry. Equity gained on principal adds $771/yr while 5% annual appreciation compounds into $33,016 by year five. Five-year ROI records 318.23% and total cumulative return in cash reaches $126,066. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,042/mo property income versus a $585/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23868, Lawrenceville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,554 (100%) |
| Owner Occupied HU | 1,517 (59.4%) |
| Renter Occupied HU | 644 (25.2%) |
| Vacant Housing Units | 393 (15.4%) |
| Median Home Value | $147,881 |
| Average Home Value | $175,932 |
Housing Distribution
Address Breakdown
Residential
2,042
Single Family
2,042
Multi-Family
0
Businesses
242
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Listed by: Barry Cole • United Country-A.B. Cole & Associates
Mls Name: South Central AOR VA
Mls ID: #57400