609 Nottoway AveBlackstoneVA23824
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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 Blackstone at 609 Nottoway Ave, Blackstone, VA, 23824 priced at $135,000 converts $1,049/mo rent into $242/mo cash flow after a $661/mo obligation. Total monthly income equals $1,049/mo, and annual cash flow totals $2,901/yr on $44,753 invested. Return on cash invested prints 26.39% in year one, and rental yield reads 9.32% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 137.37% and total cumulative return in cash sums $61,477. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,049/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23824, Blackstone, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,463 (100%) |
| Owner Occupied HU | 1,865 (53.9%) |
| Renter Occupied HU | 1,090 (31.5%) |
| Vacant Housing Units | 508 (14.7%) |
| Median Home Value | $232,825 |
| Average Home Value | $257,335 |
Housing Distribution
Address Breakdown
Residential
3,189
Single Family
3,122
Multi-Family
67
Businesses
325
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Listed by: Milton Nichols • United Real Estate Richmond
Mls Name: CVRMLS
Mls ID: #2533304