511 W Main StBlackstoneVA23824
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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 Blackstone at 511 W Main St, Blackstone, VA, 23824 priced at $359,900 pairs $1,440/mo rent with after a $1,762/mo payment. Total monthly income equals $1,440/mo. Return on cash invested is 12.75% in year one, and rental yield stands at 4.8% on a $359,900 basis. Equity gained on principal adds $2,322/yr, and 5% annual appreciation accumulates to $99,434 by year five. Five-year ROI measures 64.2% and total cumulative return in cash reaches $76,598. For financing, Ziffy Mortgage’s DSCR program evaluates $1,440/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1911
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23824, Blackstone, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,463 (100%) |
| Owner Occupied HU | 1,865 (53.9%) |
| Renter Occupied HU | 1,090 (31.5%) |
| Vacant Housing Units | 508 (14.7%) |
| Median Home Value | $232,825 |
| Average Home Value | $257,335 |
Housing Distribution
Address Breakdown
Residential
3,189
Single Family
3,122
Multi-Family
67
Businesses
325
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Listed by: Megan Little-Moran • Long & Foster REALTORS
Mls Name: Long & Foster Broker Feed
Mls ID: #2531525