581 Knob Church RdHenryVA24102
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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 Henry at 581 Knob Church Rd, Henry, VA, 24102 priced at $299,900 converts $2,304/mo rent into $511/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,304/mo, and annual cash flow totals $6,133/yr on $99,417 invested. Return on cash invested prints 26.08% in year one, and rental yield reads 9.22% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 135.69% and total cumulative return in cash sums $134,896. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,304/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1973
1.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24102, Henry, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 937 (100%) |
| Owner Occupied HU | 528 (56.4%) |
| Renter Occupied HU | 123 (13.1%) |
| Vacant Housing Units | 286 (30.5%) |
| Median Home Value | $193,841 |
| Average Home Value | $554,337 |
Housing Distribution
Address Breakdown
Residential
737
Single Family
737
Multi-Family
0
Businesses
20
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