8288 Red House RdPhenixVA23959
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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
Investment property for sale in Phenix at 8288 Red House Rd, Phenix, VA, 23959 earns from $0/mo rent with a $587/mo payment. Total monthly income totals $0/mo. ROI tracks -1.72% on current figures, and rental yield reads 0% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1970
10.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23959, Phenix, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 582 (100%) |
| Owner Occupied HU | 388 (66.7%) |
| Renter Occupied HU | 90 (15.5%) |
| Vacant Housing Units | 104 (17.9%) |
| Median Home Value | $151,429 |
| Average Home Value | $209,427 |
Housing Distribution
Address Breakdown
Residential
514
Single Family
514
Multi-Family
0
Businesses
18
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Listed by: Rikki Cheatham • Elite Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #359908
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