713 Newport RdSpottswoodVA24476
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 Spottswood at 713 Newport Rd, Spottswood, VA, 24476 offers $2,279/mo rent that, after a $1,395/mo payment, leaves $575/mo cash flow. Total monthly income is $2,279/mo, and annual cash flow is $6,903/yr on $94,478 cash. Return on cash invested measures 27.22% in year one, and rental yield stands at 9.6% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 141.78% and total cumulative return in cash reaches $133,950. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,279/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24476, Steeles Tavern, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 135 (100%) |
| Owner Occupied HU | 114 (84.4%) |
| Renter Occupied HU | 13 ( 9.6%) |
| Vacant Housing Units | 8 ( 5.9%) |
| Median Home Value | $369,048 |
| Average Home Value | $374,561 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
138
Multi-Family
0
Businesses
13
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Nearby investment properties with comparable prices
Listed by: CHARITY COX • LONG & FOSTER REAL ESTATE INC STAUNTON/WAYNESBORO
Mls Name: CAAR
Mls Provider:
Mls ID: #669804