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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Bumpass at 769 Wickham Rd, Bumpass, VA, 23024 offers a 8.81% rental yield on a $424,950 purchase with $3,120/mo rent. Total monthly income registers $3,120/mo, and a $2,080/mo payment leaves $580/mo available for distribution. Annual cash flow reaches $6,956/yr on $140,871 to close, and return on cash invested stands at 24.85% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,406 over five years. Portfolio math shows five-year ROI at 129.04% and total cumulative return in cash at $181,777. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
3.22 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 23024, Bumpass, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,859 (100%) |
| Owner Occupied HU | 3,486 (71.7%) |
| Renter Occupied HU | 451 ( 9.3%) |
| Vacant Housing Units | 922 (19.0%) |
| Median Home Value | $377,866 |
| Average Home Value | $491,029 |
Residential
4,523
Single Family
4,523
Multi-Family
0
Businesses
72
Date | Event | Price |
|---|---|---|
| 2024-10-31 | Listed for sale | $424,950 |
| 2011-11-18 | Listing removed | $285,000 |
| 2011-05-16 | Listed for sale | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $2436.48 | 12.72% | $338,400 | 12.72% |
| 2022-11-11 | $2161.44 | 14.98% | $300,200 | 14.98% |
| 2021-11-11 | $1879.92 | N/A | $261,100 | 8.12% |
Listed by: Preston Hernandez • Carlisle Real Estate
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2428177
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
