604 Grace St #AFarmvilleVA23901
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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 Farmville at 604 Grace St #A, Farmville, VA, 23901 priced at $159,500 converts $1,252/mo rent into $298/mo cash flow after a $781/mo obligation. Total monthly income equals $1,252/mo, and annual cash flow totals $3,579/yr on $52,874 invested. Return on cash invested prints 26.68% in year one, and rental yield reads 9.42% against a $159,500 entry. Equity gained on principal adds $1,029/yr, while 5% annual appreciation compiles into $44,067 by year five. Five-year ROI reaches 138.94% and total cumulative return in cash sums $73,465. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,252/mo property income covering a $781/mo payment, not borrower’s personal income.
Single Family
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23901, Farmville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,986 (100%) |
| Owner Occupied HU | 3,656 (52.3%) |
| Renter Occupied HU | 2,297 (32.9%) |
| Vacant Housing Units | 1,033 (14.8%) |
| Median Home Value | $258,258 |
| Average Home Value | $314,240 |
Housing Distribution
Address Breakdown
Residential
6,529
Single Family
6,277
Multi-Family
252
Businesses
691
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