701 4th Ave, Farmville, VA, 23901 | $851/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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701 4th Ave, Farmville, VA, 23901 | $851/mo Cash Flow | 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 Farmville at 701 4th Ave, Farmville, VA, 23901 offers a 9.22% rental yield on a $499,900 purchase with $3,840/mo rent. Total monthly income registers $3,840/mo, and a $2,447/mo payment leaves $851/mo available for distribution. Annual cash flow reaches $10,217/yr on $165,717 to close, and return on cash invested stands at 26.07% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 135.63% and total cumulative return in cash at $224,760. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,840/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1956

0.64 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 701 Fourth Ave. on .6acs in Farmville. This updated rancher offers nice curb appeal & thoughtful improvements w new windows & roof('24).The trad. floor plan features a new f.bth('19),new kitchen & cust. marble counters & eat-on bar & pantry('19),& cust. window treatments.Spacious dining rm leads to an exterior grilling & dining experience on brick & wood decks covered by shaded trees.The expansive den boasts 2 masonry fireplaces.1w gas logs providing warmth for winter evenings. A 3rd masonry fireplace anchors the huge living rm. Nestled between dining rm & den is a cozy library w shelving for your favorite books or space for those intimate card games.At opp. end of rancher are brs,1w built-in cabinets.Basement is treasure trove of additional living space w new flooring & paint('23),a 4th br,LARGE fam.rm,w backyard access,cust. designed off.space,renov. f.bath ('23),& tons of storage incl. utility rm w cedar closet.Fireplaces selling AS IS. Prop. priced below assessed value.

Neighborhood Data

Neighborhood data shown for ZIP Code: 23901, Farmville, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,986 (100%)
Owner Occupied HU	3,656 (52.3%)
Renter Occupied HU	2,297 (32.9%)
Vacant Housing Units	1,033 (14.8%)
Median Home Value	$258,258
Average Home Value	$314,240