7515 New Chapel RdSpout SpringVA24593
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 Spout Spring at 7515 New Chapel Rd, Spout Spring, VA, 24593 generates $1,582/mo in rent and, after a $1,006/mo payment, leaves $353/mo in cash flow. Total monthly income is $1,582/mo, and annual cash flow is $4,240/yr on $68,123 invested. Return on cash invested sits at 26.13% in year one, and rental yield is 9.24% on a $205,500 entry. Equity gained on principal adds $1,326/yr, while 5% annual appreciation builds toward $56,776 over five years. Five-year ROI reaches 135.98% and total cumulative return in cash sums $92,635. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,582/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24593, Spout Spring, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,050 (100%) |
| Owner Occupied HU | 812 (77.3%) |
| Renter Occupied HU | 130 (12.4%) |
| Vacant Housing Units | 108 (10.3%) |
| Median Home Value | $257,396 |
| Average Home Value | $326,321 |
Housing Distribution
Address Breakdown
Residential
874
Single Family
874
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sky N. Pacot • LPT Realty, Inc
Mls Name: LMLS
Mls Provider:
Mls ID: #360587
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.