7001 Main StPhenixVA23959
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Phenix at 7001 Main St, Phenix, VA, 23959 priced at $210,000 converts $1,451/mo rent into $196/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,451/mo, and annual cash flow totals $2,346/yr on $69,615 invested. Return on cash invested prints 23.28% in year one, and rental yield reads 8.29% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 120.67% and total cumulative return in cash sums $84,004. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,451/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23959, Phenix, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 582 (100%) |
| Owner Occupied HU | 388 (66.7%) |
| Renter Occupied HU | 90 (15.5%) |
| Vacant Housing Units | 104 (17.9%) |
| Median Home Value | $151,429 |
| Average Home Value | $209,427 |
Housing Distribution
Address Breakdown
Residential
514
Single Family
514
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lonnette Layne • Century 21 ALL-SERVICE-APP
Mls Name: LMLS
Mls Provider:
Mls ID: #355498
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.