415 Bernard RdRocky MountVA24151
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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 Rocky Mount at 415 Bernard Rd, Rocky Mount, VA, 24151 offers a 8.27% rental yield on a $205,000 purchase with $1,412/mo rent. Total monthly income registers $1,412/mo, and a $1,003/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,243/yr on $67,958 to close, and return on cash invested stands at 23.21% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 120.26% and total cumulative return in cash at $81,726. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,412/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
4.41 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: W. R. '' BILLY '' KINGERY, JR. • MOUNTAIN TO LAKE REALTY
Mls Name: RVAR
Mls Provider:
Mls ID: #913493
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