50 Susan DrCollinsvilleVA24078
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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 Collinsville at 50 Susan Dr, Collinsville, VA, 24078 uses $112,677 cash to close to unlock $1,941/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $2,194/mo, and a $1,664/mo payment keeps the spread at $162/mo. Purchase price stands at $339,900, and rental yield measures 7.75% with $2,194/mo rent. Return on cash invested shows 21.63% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 111.81% and total cumulative return in cash records $125,987. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,194/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24078, Collinsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,549 (100%) |
| Owner Occupied HU | 1,893 (53.3%) |
| Renter Occupied HU | 1,234 (34.8%) |
| Vacant Housing Units | 422 (11.9%) |
| Median Home Value | $137,580 |
| Average Home Value | $165,283 |
Housing Distribution
Address Breakdown
Residential
3,182
Single Family
3,088
Multi-Family
94
Businesses
289
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Listed by: Amy Guilliams • KW Martinsville
Mls Name: MVMLS
Mls ID: #145576
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.