6552 Mill Creek RdMillboroVA24460
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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 Millboro at 6552 Mill Creek Rd, Millboro, VA, 24460 earns $54/mo cash flow from $1,368/mo rent with a $1,076/mo payment. Total monthly income totals $1,368/mo, and annual cash flow totals $645/yr on $72,897 capital. ROI tracks 20.79% on current figures, and rental yield reads 7.47% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 107.32% and total cumulative return in cash sums $78,232. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,368/mo property income instead of your personal income.
Manufactured
Built in 1985
5.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24460, Millboro, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 518 (45.7%) |
| Renter Occupied HU | 114 (10.1%) |
| Vacant Housing Units | 501 (44.2%) |
| Median Home Value | $316,374 |
| Average Home Value | $356,245 |
Housing Distribution
Address Breakdown
Residential
724
Single Family
724
Multi-Family
0
Businesses
37
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Listed by: Larry W. Fresh • Fresh Estates & Country Properties, Inc.
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #139126
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