6982 Poor House RdDolphinVA23843
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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 Dolphin at 6982 Poor House Rd, Dolphin, VA, 23843 priced at $275,000 converts $1,969/mo rent into $325/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,969/mo, and annual cash flow totals $3,901/yr on $91,163 invested. Return on cash invested prints 24.19% in year one, and rental yield reads 8.59% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 125.55% and total cumulative return in cash sums $114,455. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,969/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1970
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23843, Dolphin, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 274 (100%) |
| Owner Occupied HU | 163 (59.5%) |
| Renter Occupied HU | 57 (20.8%) |
| Vacant Housing Units | 54 (19.7%) |
| Median Home Value | $159,722 |
| Average Home Value | $160,782 |
Housing Distribution
Address Breakdown
Residential
284
Single Family
284
Multi-Family
0
Businesses
10
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