503 Westover DrEmporiaVA23847
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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
Rental property for sale in Emporia at 503 Westover Dr, Emporia, VA, 23847 priced at $389,000 converts $2,590/mo rent into $265/mo cash flow after a $1,904/mo obligation. Total monthly income equals $2,590/mo, and annual cash flow totals $3,175/yr on $128,954 invested. Return on cash invested prints 22.37% in year one, and rental yield reads 7.99% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 115.78% and total cumulative return in cash sums $149,298. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,590/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23847, Emporia, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,175 (100%) |
| Owner Occupied HU | 3,117 (50.5%) |
| Renter Occupied HU | 2,190 (35.5%) |
| Vacant Housing Units | 868 (14.1%) |
| Median Home Value | $161,052 |
| Average Home Value | $194,820 |
Housing Distribution
Address Breakdown
Residential
5,630
Single Family
5,559
Multi-Family
71
Businesses
562
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