483 Spring RdBremo BluffVA23022
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 Bremo Bluff at 483 Spring Rd, Bremo Bluff, VA, 23022 priced at $240,000 pairs $1,969/mo rent with $534/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,969/mo, and annual cash flow comes to $6,408/yr on $79,560 invested. Return on cash invested is 27.96% in year one, and rental yield stands at 9.84% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 145.73% and total cumulative return in cash reaches $115,946. For financing, Ziffy Mortgage’s DSCR program evaluates $1,969/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
31.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23022, Bremo Bluff, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 479 (100%) |
| Owner Occupied HU | 325 (67.8%) |
| Renter Occupied HU | 85 (17.7%) |
| Vacant Housing Units | 69 (14.4%) |
| Median Home Value | $276,250 |
| Average Home Value | $320,538 |
Housing Distribution
Address Breakdown
Residential
361
Single Family
361
Multi-Family
0
Businesses
17
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Nearby investment properties with comparable prices
Listed by: Annie Anhold • Weichert Realtors Nancy Beahm Real Estate
Mls Name: HRAR
Mls ID: #654053
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.