501 W 3rd StChase CityVA23924
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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 Chase City at 501 W 3rd St, Chase City, VA, 23924 uses $41,421 cash to close to unlock $3,020/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $999/mo, and a $612/mo payment keeps the spread at $252/mo. Purchase price stands at $124,950, and rental yield measures 9.59% with $999/mo rent. Return on cash invested shows 27.2% in year one, and 5% annual appreciation builds toward $34,521 over five years. Five-year ROI reaches 141.7% and total cumulative return in cash records $58,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $999/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23924, Chase City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 1,745 (57.6%) |
| Renter Occupied HU | 713 (23.5%) |
| Vacant Housing Units | 574 (18.9%) |
| Median Home Value | $143,473 |
| Average Home Value | $203,683 |
Housing Distribution
Address Breakdown
Residential
2,707
Single Family
2,630
Multi-Family
77
Businesses
218
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Listed by: Pearl Evans-Shaw • Joyner Fine Properties
Mls Name: CVRMLS
Mls ID: #2532978