8 Middle StNew CastleVA24127
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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 New Castle at 8 Middle St, New Castle, VA, 24127 priced at $235,000 pairs $1,629/mo rent with $224/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,629/mo, and annual cash flow comes to $2,693/yr on $77,903 invested. Return on cash invested is 23.37% in year one, and rental yield stands at 8.32% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 121.13% and total cumulative return in cash reaches $94,360. For financing, Ziffy Mortgage’s DSCR program evaluates $1,629/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.75 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
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Listed by: JAMES LEE FISHER • YOUNG REALTY COMPANY
Mls Name: RVAR
Mls ID: #923518