778 Prospect RdProspectVA23960
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 Prospect at 778 Prospect Rd, Prospect, VA, 23960 offers $1,590/mo rent that, after a $1,317/mo payment. Total monthly income is $1,590/mo. Return on cash invested measures 19.66% in year one, and rental yield stands at 7.09% at a $269,000 entry. Equity gained on principal adds $1,736/yr while 5% annual appreciation compounds into $74,320 by year five. Five-year ROI records 101.26% and total cumulative return in cash reaches $90,299. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,590/mo property income versus a $1,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
2.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23960, Prospect, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 819 (100%) |
| Owner Occupied HU | 506 (61.8%) |
| Renter Occupied HU | 170 (20.8%) |
| Vacant Housing Units | 143 (17.5%) |
| Median Home Value | $195,161 |
| Average Home Value | $214,135 |
Housing Distribution
Address Breakdown
Residential
773
Single Family
773
Multi-Family
0
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices