61 Baltimore AveDanvilleVA24541
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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 Danville at 61 Baltimore Ave, Danville, VA, 24541 offers a 9.22% rental yield on a $100,000 purchase with $768/mo rent. Total monthly income registers $768/mo, and a $489/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,048/yr on $33,150 to close, and return on cash invested stands at 26.09% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 135.72% and total cumulative return in cash at $44,992. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $768/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24541, Danville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,208 (100%) |
| Owner Occupied HU | 6,545 (46.1%) |
| Renter Occupied HU | 5,578 (39.3%) |
| Vacant Housing Units | 2,085 (14.7%) |
| Median Home Value | $162,672 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
13,028
Single Family
11,668
Multi-Family
1,360
Businesses
943
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Listed by: Richard Fain • JEFF DAVIS & ASSOCIATES, LLC
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74082
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.