66 Spencer LnLovingstonVA22949
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
Rental property for sale in Lovingston at 66 Spencer Ln, Lovingston, VA, 22949 priced at $990,000 converts $4,332/mo rent into after a $4,846/mo obligation. Total monthly income equals $4,332/mo. Return on cash invested prints 14.22% in year one, and rental yield reads 5.25% against a $990,000 entry. Equity gained on principal adds $6,388/yr, while 5% annual appreciation compiles into $273,519 by year five. Five-year ROI reaches 72% and total cumulative return in cash sums $234,512. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,332/mo property income covering a $4,846/mo payment, not borrower’s personal income.
Single Family
Built in 2007
90.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22949, Lovingston, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 728 (100%) |
| Owner Occupied HU | 429 (58.9%) |
| Renter Occupied HU | 153 (21.0%) |
| Vacant Housing Units | 146 (20.1%) |
| Median Home Value | $447,895 |
| Average Home Value | $535,128 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KENNY SPROUSE • AMERICAN REAL ESTATE
Mls Name: CAAR
Mls Provider:
Mls ID: #664170