667 Lofton RdRaphineVA24472
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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
Rental property for sale in Raphine at 667 Lofton Rd, Raphine, VA, 24472 priced at $239,000 converts $1,693/mo rent into $264/mo cash flow after a $1,170/mo obligation. Total monthly income equals $1,693/mo, and annual cash flow totals $3,169/yr on $79,229 invested. Return on cash invested prints 23.91% in year one, and rental yield reads 8.5% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 124.08% and total cumulative return in cash sums $98,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,693/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1996
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24472, Raphine, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,235 (100%) |
| Owner Occupied HU | 812 (65.7%) |
| Renter Occupied HU | 218 (17.7%) |
| Vacant Housing Units | 205 (16.6%) |
| Median Home Value | $335,714 |
| Average Home Value | $365,810 |
Housing Distribution
Address Breakdown
Residential
984
Single Family
984
Multi-Family
0
Businesses
45
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