48 Homer LnRaphineVA24472
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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 Raphine at 48 Homer Ln, Raphine, VA, 24472 uses $61,327 cash to close to unlock $4,051/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $1,443/mo, and a $905/mo payment keeps the spread at $338/mo. Purchase price stands at $184,999, and rental yield measures 9.36% with $1,443/mo rent. Return on cash invested shows 26.51% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 138.03% and total cumulative return in cash records $84,650. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,443/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24472, Raphine, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,235 (100%) |
| Owner Occupied HU | 812 (65.7%) |
| Renter Occupied HU | 218 (17.7%) |
| Vacant Housing Units | 205 (16.6%) |
| Median Home Value | $335,714 |
| Average Home Value | $365,810 |
Housing Distribution
Address Breakdown
Residential
984
Single Family
984
Multi-Family
0
Businesses
45
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