59 Rainbow Hill DrMillboroVA24460
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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 Millboro at 59 Rainbow Hill Dr, Millboro, VA, 24460 offers a 11.56% rental yield on a $158,000 purchase with $1,522/mo rent. Total monthly income registers $1,522/mo, and a $773/mo payment leaves $578/mo available for distribution. Annual cash flow reaches $6,934/yr on $52,377 to close, and return on cash invested stands at 33.15% in year one. Equity gained on principal adds $1,020/yr while 5% annual appreciation supports $43,652 over five years. Portfolio math shows five-year ROI at 173.54% and total cumulative return in cash at $90,898. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,522/mo property income against a $773/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24460, Millboro, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 518 (45.7%) |
| Renter Occupied HU | 114 (10.1%) |
| Vacant Housing Units | 501 (44.2%) |
| Median Home Value | $316,374 |
| Average Home Value | $356,245 |
Housing Distribution
Address Breakdown
Residential
724
Single Family
724
Multi-Family
0
Businesses
37
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Listed by: Jeff Black • Lexington Real Estate Connection
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #139220
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers 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 Deemed Reliable But Not Guaranteed. Copyright 2025 Rockbridge Highland Realtors. All rights reserved.