509 Old Blacksmith RdBraceyVA23919
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bracey at 509 Old Blacksmith Rd, Bracey, VA, 23919 offers $2,490/mo rent that, after a $1,958/mo payment, leaves $99/mo cash flow. Total monthly income is $2,490/mo, and annual cash flow is $1,184/yr on $132,600 cash. Return on cash invested measures 20.8% in year one, and rental yield stands at 7.47% at a $399,999 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,512 by year five. Five-year ROI records 107.35% and total cumulative return in cash reaches $142,347. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,490/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23919, Bracey, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,228 (100%) |
| Owner Occupied HU | 976 (30.2%) |
| Renter Occupied HU | 156 ( 4.8%) |
| Vacant Housing Units | 2,096 (64.9%) |
| Median Home Value | $387,387 |
| Average Home Value | $389,526 |
Housing Distribution
Address Breakdown
Residential
1,247
Single Family
1,247
Multi-Family
0
Businesses
98
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Nearby investment properties with comparable prices
Listed by: Alyssa Harper-Hayes • The Pointe Realty Group (Littleton)
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138481
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.