408 N High StFranklinVA23851
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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 Franklin at 408 N High St, Franklin, VA, 23851 offers a 9.04% rental yield on a $150,000 purchase with $1,130/mo rent. Total monthly income registers $1,130/mo, and a $734/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,802/yr on $49,725 to close, and return on cash invested stands at 25.54% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 132.84% and total cumulative return in cash at $66,054. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,130/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23851, Franklin, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,565 (100%) |
| Owner Occupied HU | 3,506 (53.4%) |
| Renter Occupied HU | 2,212 (33.7%) |
| Vacant Housing Units | 847 (12.9%) |
| Median Home Value | $250,844 |
| Average Home Value | $266,895 |
Housing Distribution
Address Breakdown
Residential
6,184
Single Family
6,007
Multi-Family
177
Businesses
574
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