701 Berry Hill RdSouth BostonVA24592
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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
Investment property for sale in South Boston at 701 Berry Hill Rd, South Boston, VA, 24592 uses $48,034 cash to close to unlock $2,712/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,092/mo, and a $709/mo payment keeps the spread at $226/mo. Purchase price stands at $144,900, and rental yield measures 9.04% with $1,092/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 132.96% and total cumulative return in cash records $63,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,092/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1953
3.70 Acres lot
$N/A/sqft
No HOA
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Listed by: Melanie Saunders • Long and Foster - South Boston
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71581