504 Carolina AveClarksvilleVA23927
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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 Clarksville at 504 Carolina Ave, Clarksville, VA, 23927 priced at $310,000 converts $1,560/mo rent into after a $1,517/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 16.49% in year one, and rental yield reads 6.04% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 84.27% and total cumulative return in cash sums $86,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23927, Clarksville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,539 (100%) |
| Owner Occupied HU | 1,613 (45.6%) |
| Renter Occupied HU | 504 (14.2%) |
| Vacant Housing Units | 1,422 (40.2%) |
| Median Home Value | $311,316 |
| Average Home Value | $370,203 |
Housing Distribution
Address Breakdown
Residential
2,488
Single Family
2,488
Multi-Family
0
Businesses
263
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Listed by: Jeremy Holt • Oak River Realty - South Boston
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71136