555 Old Fort RdRocky MountVA24151
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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 Rocky Mount at 555 Old Fort Rd, Rocky Mount, VA, 24151 uses $92,803 cash to close to unlock $8,001/yr annual cash flow and $667/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,370/mo payment keeps the spread at $667/mo. Purchase price stands at $279,950, and rental yield measures 10.03% with $2,340/mo rent. Return on cash invested shows 28.53% in year one, and 5% annual appreciation builds toward $77,345 over five years. Five-year ROI reaches 148.8% and total cumulative return in cash records $138,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2014
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
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Listed by: GRANT COCKRELL • RE/MAX ALL STARS
Mls Name: RVAR
Mls ID: #921856