506 Main StNarrowsVA24124
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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 Narrows at 506 Main St, Narrows, VA, 24124 uses $120,998 cash to close to unlock $9,151/yr annual cash flow and $763/mo monthly cash flow. Total monthly income runs $2,944/mo, and a $1,786/mo payment keeps the spread at $763/mo. Purchase price stands at $365,000, and rental yield measures 9.68% with $2,944/mo rent. Return on cash invested shows 27.47% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 143.13% and total cumulative return in cash records $173,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,944/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1930
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24124, Narrows, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,193 (100%) |
| Owner Occupied HU | 1,387 (63.2%) |
| Renter Occupied HU | 495 (22.6%) |
| Vacant Housing Units | 311 (14.2%) |
| Median Home Value | $134,464 |
| Average Home Value | $210,771 |
Housing Distribution
Address Breakdown
Residential
1,883
Single Family
1,878
Multi-Family
5
Businesses
90
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