622 N Main StSouth BostonVA24592
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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 South Boston at 622 N Main St, South Boston, VA, 24592 priced at $132,495 converts $1,059/mo rent into $267/mo cash flow after a $649/mo obligation. Total monthly income equals $1,059/mo, and annual cash flow totals $3,210/yr on $43,922 invested. Return on cash invested prints 27.22% in year one, and rental yield reads 9.59% against a $132,495 entry. Equity gained on principal adds $855/yr, while 5% annual appreciation compiles into $36,606 by year five. Five-year ROI reaches 141.78% and total cumulative return in cash sums $62,274. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,059/mo property income covering a $649/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.33 Acres lot
$N/A/sqft
No HOA
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Listed by: Brian Brockman • Bang Realty
Mls Name: My State MLS
Mls ID: #11589627