601 Roark StChase CityVA23924
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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 Chase City at 601 Roark St, Chase City, VA, 23924 listed at $115,000 pairs $908/mo rent with a $563/mo payment to leave $220/mo cash flow. Total monthly income runs $908/mo, and annual cash flow reaches $2,645/yr on $38,123 cash to close. Return on cash invested measures 26.85% in year one, and rental yield registers 9.47% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 139.88% and total cumulative return in cash totals $53,325. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $908/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23924, Chase City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 1,745 (57.6%) |
| Renter Occupied HU | 713 (23.5%) |
| Vacant Housing Units | 574 (18.9%) |
| Median Home Value | $143,473 |
| Average Home Value | $203,683 |
Housing Distribution
Address Breakdown
Residential
2,707
Single Family
2,630
Multi-Family
77
Businesses
218
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Listed by: Philip Bonnie • Dudley Resources
Mls Name: CVRMLS
Mls ID: #2533550