713 Rockwood DrDanvilleVA24541
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 713 Rockwood Dr, Danville, VA, 24541 in Danville speaks for itself: 12.04% gross on a $240,000 price, generating $2,407/mo in rent and $973/mo in net income after the $1,079/mo debt service. DSCR 2.23, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,670 stacks alongside $66,308 in projected five-year appreciation and $2,210/yr in principal reduction. Projected total cumulative return: $153,354.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 6.2% |
| Monthly Cash Flow | $973 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,407 |
| Total Monthly Debt Service | $1,339 |
| DSCR Ratio | 1.80x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1973
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24541, Danville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,208 (100%) |
| Owner Occupied HU | 6,545 (46.1%) |
| Renter Occupied HU | 5,578 (39.3%) |
| Vacant Housing Units | 2,085 (14.7%) |
| Median Home Value | $162,672 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
13,028
Single Family
11,668
Multi-Family
1,360
Businesses
943
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
Single Family
Built in 1973
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24541, Danville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,208 (100%) |
| Owner Occupied HU | 6,545 (46.1%) |
| Renter Occupied HU | 5,578 (39.3%) |
| Vacant Housing Units | 2,085 (14.7%) |
| Median Home Value | $162,672 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
13,028
Single Family
11,668
Multi-Family
1,360
Businesses
943
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Fowlkes • KELLER WILLIAMS
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #74422
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.