622 Old Bridle Creek DrIndependenceVA24348
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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 Independence at 622 Old Bridle Creek Dr, Independence, VA, 24348 generates $3,763/mo in rent and, after a $2,936/mo payment, leaves $177/mo in cash flow. Total monthly income is $3,763/mo, and annual cash flow is $2,125/yr on $197,367 invested. Return on cash invested sits at 21.14% in year one, and rental yield is 7.53% on a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 109.13% and total cumulative return in cash sums $215,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,763/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
15.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24348, Independence, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,235 (55.5%) |
| Renter Occupied HU | 393 (17.7%) |
| Vacant Housing Units | 598 (26.9%) |
| Median Home Value | $164,875 |
| Average Home Value | $254,006 |
Housing Distribution
Address Breakdown
Residential
1,807
Single Family
1,807
Multi-Family
0
Businesses
154
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Listed by: Joan Collins • Collins and Associates Realty
Mls Name: SWVAR
Mls ID: #104433