6612 Virginia AveBassettVA24055
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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 Bassett at 6612 Virginia Ave, Bassett, VA, 24055 earns $190/mo cash flow from $847/mo rent with a $538/mo payment. Total monthly income totals $847/mo, and annual cash flow totals $2,279/yr on $36,432 capital. ROI tracks 26.17% on current figures, and rental yield reads 9.25% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 136.11% and total cumulative return in cash sums $49,588. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $847/mo property income instead of your personal income.
Single Family
Built in 1948
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24055, Bassett, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,207 (100%) |
| Owner Occupied HU | 4,100 (66.1%) |
| Renter Occupied HU | 1,206 (19.4%) |
| Vacant Housing Units | 901 (14.5%) |
| Median Home Value | $117,390 |
| Average Home Value | $168,245 |
Housing Distribution
Address Breakdown
Residential
5,523
Single Family
5,523
Multi-Family
0
Businesses
235
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