856 Evergreen Rd, Chatham, VA, 24531 | 5.36% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Chatham at 856 Evergreen Rd, Chatham, VA, 24531 earns from $1,560/mo rent with a $1,708/mo payment. Total monthly income totals $1,560/mo. ROI tracks 14.45% on current figures, and rental yield reads 5.36% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 73.3% and total cumulative return in cash sums $84,804. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,560/mo property income instead of your personal income.

Single Family

Built in 1962

1.79 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 24531, Chatham, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,034 (100%)
Owner Occupied HU	2,489 (61.7%)
Renter Occupied HU	827 (20.5%)
Vacant Housing Units	718 (17.8%)
Median Home Value	$171,766
Average Home Value	$204,057