504 Merritt St Plan, Merritt Hills,South Boston,VA,24592

Investment Highlights

Investment property for sale in South Boston at 504 Merritt St Plan, Merritt Hills, South Boston, VA, 24592 offers a 7.63% rental yield on a $459,900 purchase with $2,924/mo rent. Total monthly income registers $2,924/mo, and a $2,251/mo payment leaves $175/mo available for distribution. Annual cash flow reaches $2,097/yr on $152,457 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $2,968/yr while 5% annual appreciation supports $127,062 over five years. Portfolio math shows five-year ROI at 109.93% and total cumulative return in cash at $167,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,924/mo property income against a $2,251/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.