595 Iron Ridge 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 595 Iron Ridge Rd, Rocky Mount, VA, 24151 listed at $314,900 pairs $2,633/mo rent with a $1,541/mo payment to leave $751/mo cash flow. Total monthly income runs $2,633/mo, and annual cash flow reaches $9,010/yr on $104,389 cash to close. Return on cash invested measures 28.54% in year one, and rental yield registers 10.03% at a $314,900 basis. Equity gained on principal adds $2,032/yr, and annual property appreciation at 5% supports $87,001 by year five. Five-year ROI tracks 148.84% and total cumulative return in cash totals $155,374. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,633/mo property income relative to a $1,541/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
1.52 Acres 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: JESSICA LYNN PERDUE • MKB, REALTORS(r)
Mls Name: RVAR
Mls ID: #917796