5280 Meherrin RdMeherrinVA23954
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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 Meherrin at 5280 Meherrin Rd, Meherrin, VA, 23954 generates $2,101/mo in rent, after a $2,692/mo payment. Total monthly income is $2,101/mo. Return on cash invested sits at 12.19% in year one, and rental yield is 4.58% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 61.16% and total cumulative return in cash sums $110,662. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,101/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
24.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23954, Meherrin, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,129 (100%) |
| Owner Occupied HU | 750 (66.4%) |
| Renter Occupied HU | 177 (15.7%) |
| Vacant Housing Units | 202 (17.9%) |
| Median Home Value | $171,505 |
| Average Home Value | $274,633 |
Housing Distribution
Address Breakdown
Residential
893
Single Family
893
Multi-Family
0
Businesses
26
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Listed by: Larry D Atkins • State Wide Realty Company
Mls Name: LMLS
Mls Provider:
Mls ID: #359904
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.