812 E Sycamore StChase CityVA23924
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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 Chase City at 812 E Sycamore St, Chase City, VA, 23924 priced at $185,000 converts $1,425/mo rent into $320/mo cash flow after a $905/mo obligation. Total monthly income equals $1,425/mo, and annual cash flow totals $3,835/yr on $61,328 invested. Return on cash invested prints 26.16% in year one, and rental yield reads 9.24% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 136.11% and total cumulative return in cash sums $83,475. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,425/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23924, Chase City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 1,745 (57.6%) |
| Renter Occupied HU | 713 (23.5%) |
| Vacant Housing Units | 574 (18.9%) |
| Median Home Value | $143,473 |
| Average Home Value | $203,683 |
Housing Distribution
Address Breakdown
Residential
2,707
Single Family
2,630
Multi-Family
77
Businesses
218
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Listed by: Nathan White • Southern Pine Realty Solutions
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71450