6150 L P Bailey Memorial HwyHalifaxVA24558
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $1,516/mo, and a $2,442/mo payment. Purchase price stands at $499,000, and rental yield measures 3.65% with $1,516/mo rent. Return on cash invested shows 9.27% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 45.52% and total cumulative return in cash records $75,306. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,516/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1950
72.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24558, Halifax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,380 (100%) |
| Owner Occupied HU | 2,192 (64.9%) |
| Renter Occupied HU | 731 (21.6%) |
| Vacant Housing Units | 457 (13.5%) |
| Median Home Value | $165,402 |
| Average Home Value | $221,179 |
Housing Distribution
Address Breakdown
Residential
2,595
Single Family
2,567
Multi-Family
28
Businesses
205
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices