429 Sullivan StBlackstoneVA23824
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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 Blackstone at 429 Sullivan St, Blackstone, VA, 23824 offers $1,060/mo rent that, after a $675/mo payment, leaves $236/mo cash flow. Total monthly income is $1,060/mo, and annual cash flow is $2,826/yr on $45,747 cash. Return on cash invested measures 26.09% in year one, and rental yield stands at 9.22% at a $138,000 entry. Equity gained on principal adds $890/yr while 5% annual appreciation compounds into $38,127 by year five. Five-year ROI records 135.71% and total cumulative return in cash reaches $62,082. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,060/mo property income versus a $675/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23824, Blackstone, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,463 (100%) |
| Owner Occupied HU | 1,865 (53.9%) |
| Renter Occupied HU | 1,090 (31.5%) |
| Vacant Housing Units | 508 (14.7%) |
| Median Home Value | $232,825 |
| Average Home Value | $257,335 |
Housing Distribution
Address Breakdown
Residential
3,189
Single Family
3,122
Multi-Family
67
Businesses
325
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Listed by: Kelan Owens • eXp Realty LLC
Mls Name: South Central AOR VA
Mls ID: #57828