661 Iron Belt LnStuartVA24171
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 Stuart at 661 Iron Belt Ln, Stuart, VA, 24171 offers $1,268/mo rent that, after a $857/mo payment, leaves $221/mo cash flow. Total monthly income is $1,268/mo, and annual cash flow is $2,657/yr on $58,013 cash. Return on cash invested measures 24.49% in year one, and rental yield stands at 8.69% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 127.16% and total cumulative return in cash reaches $73,771. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,268/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
4.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24171, Stuart, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,527 (100%) |
| Owner Occupied HU | 2,787 (61.6%) |
| Renter Occupied HU | 877 (19.4%) |
| Vacant Housing Units | 863 (19.1%) |
| Median Home Value | $162,083 |
| Average Home Value | $237,028 |
Housing Distribution
Address Breakdown
Residential
3,699
Single Family
3,699
Multi-Family
0
Businesses
316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices