421 Laurel StEmporiaVA23847
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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
Rental property for sale in Emporia at 421 Laurel St, Emporia, VA, 23847 priced at $239,000 pairs $1,722/mo rent with $293/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,722/mo, and annual cash flow comes to $3,517/yr on $79,229 invested. Return on cash invested is 24.35% in year one, and rental yield stands at 8.65% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 126.42% and total cumulative return in cash reaches $100,164. For financing, Ziffy Mortgage’s DSCR program evaluates $1,722/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23847, Emporia, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,175 (100%) |
| Owner Occupied HU | 3,117 (50.5%) |
| Renter Occupied HU | 2,190 (35.5%) |
| Vacant Housing Units | 868 (14.1%) |
| Median Home Value | $161,052 |
| Average Home Value | $194,820 |
Housing Distribution
Address Breakdown
Residential
5,630
Single Family
5,559
Multi-Family
71
Businesses
562
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