513 Parkland DrDanvilleVA24540
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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 Danville at 513 Parkland Dr, Danville, VA, 24540 offers $2,006/mo rent that, after a $1,170/mo payment, leaves $577/mo cash flow. Total monthly income is $2,006/mo, and annual cash flow is $6,925/yr on $79,229 cash. Return on cash invested measures 28.65% in year one, and rental yield stands at 10.07% at a $239,000 entry. Equity gained on principal adds $1,542/yr while 5% annual appreciation compounds into $66,031 by year five. Five-year ROI records 149.49% and total cumulative return in cash reaches $118,440. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,006/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.27 Acres lot
$N/A/sqft
No HOA
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Listed by: Mary M Jones • JANICE BICKFORD REALTY, INC
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74424
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.