659 Sports Lake RdNew CantonVA23123
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
Investment property for sale in New Canton at 659 Sports Lake Rd, New Canton, VA, 23123 earns $257/mo cash flow from $1,572/mo rent with a $1,077/mo payment. Total monthly income totals $1,572/mo, and annual cash flow totals $3,080/yr on $72,930 capital. ROI tracks 24.13% on current figures, and rental yield reads 8.57% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 125.23% and total cumulative return in cash sums $91,331. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,572/mo property income instead of your personal income.
Single Family
Built in 1960
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23123, New Canton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 792 (100%) |
| Owner Occupied HU | 505 (63.8%) |
| Renter Occupied HU | 161 (20.3%) |
| Vacant Housing Units | 126 (15.9%) |
| Median Home Value | $189,674 |
| Average Home Value | $351,995 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
729
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KATIE TYREE • TYREE REALTY
Mls Name: CAAR
Mls ID: #671147