79 Holcombe AveNew CastleVA24127
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.8% yield at 79 Holcombe Ave, New Castle, VA, 24127 in New Castle is solid, but the $1,434/mo payment compresses net cash flow to $167/mo at $319,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $88,134 by year five, and $2,938/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.45) without U.S. income documentation. Total projected return: $131,475.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.2% |
| Monthly Cash Flow | $167 | $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 | $2,074 |
| Total Monthly Debt Service | $1,780 |
| DSCR Ratio | 1.17x |
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 1950
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24127, New Castle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,438 (67.1%) |
| Renter Occupied HU | 291 (13.6%) |
| Vacant Housing Units | 414 (19.3%) |
| Median Home Value | $262,635 |
| Average Home Value | $283,960 |
Housing Distribution
Address Breakdown
Residential
1,871
Single Family
1,871
Multi-Family
0
Businesses
96
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 1950
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24127, New Castle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,143 (100%) |
| Owner Occupied HU | 1,438 (67.1%) |
| Renter Occupied HU | 291 (13.6%) |
| Vacant Housing Units | 414 (19.3%) |
| Median Home Value | $262,635 |
| Average Home Value | $283,960 |
Housing Distribution
Address Breakdown
Residential
1,871
Single Family
1,871
Multi-Family
0
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JAMES LEE FISHER • YOUNG REALTY COMPANY
Mls Name: RVAR
Mls ID: #923368