718 Main StNarrowsVA24124
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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
Rental property for sale in Narrows at 718 Main St, Narrows, VA, 24124 generates $1,160/mo in rent and, after a $697/mo payment, leaves $309/mo in cash flow. Total monthly income is $1,160/mo, and annual cash flow is $3,703/yr on $47,239 invested. Return on cash invested sits at 27.75% in year one, and rental yield is 9.77% on a $142,500 entry. Equity gained on principal adds $920/yr, while 5% annual appreciation builds toward $39,370 over five years. Five-year ROI reaches 144.65% and total cumulative return in cash sums $68,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,160/mo property income rather than buyer’s personal income.
Multi Family
Built in 1945
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24124, Narrows, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,193 (100%) |
| Owner Occupied HU | 1,387 (63.2%) |
| Renter Occupied HU | 495 (22.6%) |
| Vacant Housing Units | 311 (14.2%) |
| Median Home Value | $134,464 |
| Average Home Value | $210,771 |
Housing Distribution
Address Breakdown
Residential
1,883
Single Family
1,878
Multi-Family
5
Businesses
90
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