61 Drew 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 61 Drew St, Chase City, VA, 23924 offers a 9.65% rental yield on a $135,000 purchase with $1,086/mo rent. Total monthly income registers $1,086/mo, and a $661/mo payment leaves $279/mo available for distribution. Annual cash flow reaches $3,345/yr on $44,753 to close, and return on cash invested stands at 27.38% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 142.65% and total cumulative return in cash at $63,841. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,086/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
1.37 Acres 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: Joanne Rogers • Southern Pine Realty Solutions - Clarksville
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #70468
Disclaimer: Copyright Southern Piedmont Land & Lake Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.