7 Lewiston Plank RdBurkevilleVA23922
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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 Burkeville at 7 Lewiston Plank Rd, Burkeville, VA, 23922 priced at $339,900 converts $1,560/mo rent into after a $1,664/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 14.88% in year one, and rental yield reads 5.51% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 75.6% and total cumulative return in cash sums $85,187. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2024
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23922, Burkeville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,100 (100%) |
| Owner Occupied HU | 698 (63.5%) |
| Renter Occupied HU | 228 (20.7%) |
| Vacant Housing Units | 174 (15.8%) |
| Median Home Value | $241,538 |
| Average Home Value | $261,719 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
861
Multi-Family
0
Businesses
57
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Listed by: Heather Grubb • FIRST CHOICE REALTY, INC
Mls Name: CAAR
Mls Provider:
Mls ID: #657106
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.