687 Hixburg Rd, Pamplin, VA, 23958 | 6.47% Rental Yield

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687 Hixburg Rd, Pamplin, VA, 23958 | 6.47% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Pamplin at 687 Hixburg Rd, Pamplin, VA, 23958 listed at $397,000 pairs $2,142/mo rent with a $1,943/mo payment. Total monthly income runs $2,142/mo. Return on cash invested measures 17.8% in year one, and rental yield registers 6.47% at a $397,000 basis. Equity gained on principal adds $2,562/yr, and annual property appreciation at 5% supports $109,684 by year five. Five-year ROI tracks 91.26% and total cumulative return in cash totals $120,106. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,142/mo property income relative to a $1,943/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1977

6.15 Acres lot

$N/A/sqft

No HOA

More details about the property

This spacious Split Level Home is situated on 6.15 beautiful acres less than a minute's drive off Richmond Hwy in Pamplin, VA. The home features 4 good sized bedrooms, 2 full bathrooms and 1 half bath, a mud/laundry room next to the oversized two-car garage (space for 4 cars parked in tandem). A new roof was put on earlier this year; new HVAC and air handler in 2022; two spacious outdoor sheds --one with electric; brick grilling pit. The basement is very spacious and filled with light. There is a concrete pad to play basketball, and more. The possibilities in this property are many.

Neighborhood Data

Neighborhood data shown for ZIP Code: 23958, Pamplin, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,678 (100%)
Owner Occupied HU	1,093 (65.1%)
Renter Occupied HU	292 (17.4%)
Vacant Housing Units	293 (17.5%)
Median Home Value	$223,050
Average Home Value	$270,167