811 Broad StAltavistaVA24517
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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 Altavista at 811 Broad St, Altavista, VA, 24517 priced at $234,900 converts $1,050/mo rent into after a $1,150/mo obligation. Total monthly income equals $1,050/mo. Return on cash invested prints 14.45% in year one, and rental yield reads 5.36% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 73.3% and total cumulative return in cash sums $57,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,050/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24517, Altavista, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,517 (100%) |
| Owner Occupied HU | 1,539 (61.1%) |
| Renter Occupied HU | 719 (28.6%) |
| Vacant Housing Units | 259 (10.3%) |
| Median Home Value | $136,399 |
| Average Home Value | $216,556 |
Housing Distribution
Address Breakdown
Residential
2,485
Single Family
2,472
Multi-Family
13
Businesses
338
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