413 Simmons StBurkevilleVA23922
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 Burkeville at 413 Simmons St, Burkeville, VA, 23922 offers $2,603/mo rent that, after a $1,322/mo payment, leaves $989/mo cash flow. Total monthly income is $2,603/mo, and annual cash flow is $11,862/yr on $89,505 cash. Return on cash invested measures 33.16% in year one, and rental yield stands at 11.57% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 173.65% and total cumulative return in cash reaches $155,425. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,603/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23922, Burkeville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,100 (100%) |
| Owner Occupied HU | 698 (63.5%) |
| Renter Occupied HU | 228 (20.7%) |
| Vacant Housing Units | 174 (15.8%) |
| Median Home Value | $241,538 |
| Average Home Value | $261,719 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
861
Multi-Family
0
Businesses
57
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Nearby investment properties with comparable prices
Listed by: Kip Lafoon • Coldwell Banker, Lafoon Realty
Mls Name: South Central AOR VA
Mls Provider:
Mls ID: #56970
Disclaimer: Copyright of the South Central Association of Realtors. All rights reserved.Information is deemed reliable but not guaranteed.