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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% |
Rental property for sale in Franklin at 803 Walnut St, Franklin, VA, 23851 offers $793/mo rent that, after a $514/mo payment, leaves $165/mo cash flow. Total monthly income is $793/mo, and annual cash flow is $1,983/yr on $34,808 cash. Return on cash invested measures 25.61% in year one, and rental yield stands at 9.06% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 133.22% and total cumulative return in cash reaches $46,370. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $793/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 23851, Franklin, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,565 (100%) |
| Owner Occupied HU | 3,506 (53.4%) |
| Renter Occupied HU | 2,212 (33.7%) |
| Vacant Housing Units | 847 (12.9%) |
| Median Home Value | $250,844 |
| Average Home Value | $266,895 |
Residential
6,184
Single Family
6,007
Multi-Family
177
Businesses
574
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-11 | $737.48 | 45.23% | $71,600 | 45.23% |
| 2023-08-11 | $507.79 | N/A | $49,300 | N/A |
| 2022-08-11 | $507.79 | 79.79% | $49,300 | 6.48% |
No similar rental properties found nearby.
Listed by: Tiffanie Chastain • Real Broker LLC
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10596657
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