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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Franklin at 411 Norfleet St, Franklin, VA, 23851 offers a 9.13% rental yield on a $100,000 purchase with $761/mo rent. Total monthly income registers $761/mo, and a $489/mo payment leaves $164/mo available for distribution. Annual cash flow reaches $1,964/yr on $33,150 to close, and return on cash invested stands at 25.83% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 134.38% and total cumulative return in cash at $44,548. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $761/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 23851, Franklin, VA area.
| 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 |
Residential
6,184
Single Family
6,007
Multi-Family
177
Businesses
574
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-04 | $783.83 | N/A | $76,100 | N/A |
| 2022-05-04 | $783.83 | 72.25% | $76,100 | 2.01% |
| 2021-05-04 | $455.06 | N/A | $74,600 | N/A |
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Listed by: Brenda Lewis • Realty Source
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10580797
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