889 Tola Rd, Phenix, VA, 23959 | 3.19% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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889 Tola Rd, Phenix, VA, 23959 | 3.19% Rental Yield | Ziffy

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 Phenix at 889 Tola Rd, Phenix, VA, 23959 earns from $1,169/mo rent with a $2,153/mo payment. Total monthly income totals $1,169/mo. ROI tracks 7.89% on current figures, and rental yield reads 3.19% at a $439,900 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,536 over five years. Five-year ROI reaches 38.12% and total cumulative return in cash sums $55,587. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,169/mo property income instead of your personal income.

Single Family

Built in 1936

17 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked away in a grove of stately oaks, this restored 1936 farmhouse feels like it was lifted straight from the pages of a country living magazine. Set on 17 acres of rolling Virginia countryside, it offers both charm and possibilitywhether you dream of morning coffee on a rocking chair porch, raising animals in your own pasture, or simply enjoying the peace of nature. As you step inside, the warmth of history greets you1,672 square feet of carefully preserved character with just the right touch of modern updates. The 3 bedrooms and 2 full baths provide space for family or guests, while tall windows frame views of the grove and the pasture beyond. Outside is where the magic truly unfolds. Behind the home, a beautiful open pasture stretches toward the horizon, perfect for horses, gardening, or watching the sunset with a glass of sweet tea. The surrounding oak trees offer shade, privacy, and a sense of timeless beauty that changes with the seasons. And while the property feels worlds away from the bustle of life, you're only 3 minutes from Phenixclose enough for convenience, yet far enough to savor the quiet.

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