704 2nd AveLawrencevilleVA23868
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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 Lawrenceville at 704 2nd Ave, Lawrenceville, VA, 23868 earns $600/mo cash flow from $1,670/mo rent with a $876/mo payment. Total monthly income totals $1,670/mo, and annual cash flow totals $7,201/yr on $59,339 capital. ROI tracks 32.04% on current figures, and rental yield reads 11.2% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 167.71% and total cumulative return in cash sums $99,519. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,670/mo property income instead of your personal income.
Single Family
Built in 1930
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23868, Lawrenceville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,554 (100%) |
| Owner Occupied HU | 1,517 (59.4%) |
| Renter Occupied HU | 644 (25.2%) |
| Vacant Housing Units | 393 (15.4%) |
| Median Home Value | $147,881 |
| Average Home Value | $175,932 |
Housing Distribution
Address Breakdown
Residential
2,042
Single Family
2,042
Multi-Family
0
Businesses
242
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Listed by: Kimberley Cross • eXp Realty
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71056
Disclaimer: Copyright Southern Piedmont Land & Lake Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.