663 Lee StDanvilleVA24541
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 Danville at 663 Lee St, Danville, VA, 24541 priced at $142,900 converts $1,142/mo rent into $288/mo cash flow after a $699/mo obligation. Total monthly income equals $1,142/mo, and annual cash flow totals $3,458/yr on $47,371 invested. Return on cash invested prints 27.21% in year one, and rental yield reads 9.59% against a $142,900 entry. Equity gained on principal adds $922/yr, while 5% annual appreciation compiles into $39,481 by year five. Five-year ROI reaches 141.78% and total cumulative return in cash sums $67,161. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,142/mo property income covering a $699/mo payment, not borrower’s personal income.
Single Family
Built in 1964
5,702 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24541, Danville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,208 (100%) |
| Owner Occupied HU | 6,545 (46.1%) |
| Renter Occupied HU | 5,578 (39.3%) |
| Vacant Housing Units | 2,085 (14.7%) |
| Median Home Value | $162,672 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
13,028
Single Family
11,668
Multi-Family
1,360
Businesses
943
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices