671 Phillippi Hollow RdAtkinsVA24311
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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 Atkins at 671 Phillippi Hollow Rd, Atkins, VA, 24311 generates $984/mo in rent and, after a $611/mo payment, leaves $238/mo in cash flow. Total monthly income is $984/mo, and annual cash flow is $2,852/yr on $41,404 invested. Return on cash invested sits at 26.8% in year one, and rental yield is 9.45% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 139.52% and total cumulative return in cash sums $57,766. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $984/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24311, Atkins, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 837 (100%) |
| Owner Occupied HU | 519 (62.0%) |
| Renter Occupied HU | 186 (22.2%) |
| Vacant Housing Units | 132 (15.8%) |
| Median Home Value | $97,500 |
| Average Home Value | $157,274 |
Housing Distribution
Address Breakdown
Residential
739
Single Family
739
Multi-Family
0
Businesses
53
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