7001 Phenix Main StPhenixVA23959
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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 Phenix at 7001 Phenix Main St, Phenix, VA, 23959 generates $0/mo in rent, after a $876/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.73% in year one, and rental yield is 0% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’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
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No similar rental properties found nearby.
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Listed by: Donald A. Marr • NextHome TwoFourFive
Mls Name: LMLS
Mls Provider:
Mls ID: #360032
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