6693 Moorefield Store RdSpencerVA24165
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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 Spencer at 6693 Moorefield Store Rd, Spencer, VA, 24165 generates $1,356/mo in rent, after a $1,273/mo payment. Total monthly income is $1,356/mo. Return on cash invested sits at 17.14% in year one, and rental yield is 6.26% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 87.76% and total cumulative return in cash sums $75,641. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,356/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24165, Spencer, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 747 (100%) |
| Owner Occupied HU | 493 (66.0%) |
| Renter Occupied HU | 128 (17.1%) |
| Vacant Housing Units | 126 (16.9%) |
| Median Home Value | $163,032 |
| Average Home Value | $223,245 |
Housing Distribution
Address Breakdown
Residential
714
Single Family
714
Multi-Family
0
Businesses
36
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