89 Locust StVeronaVA24482
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Verona at 89 Locust St, Verona, VA, 24482 offers $1,658/mo rent that, after a $1,268/mo payment, leaves $109/mo cash flow. Total monthly income is $1,658/mo, and annual cash flow is $1,313/yr on $85,859 cash. Return on cash invested measures 21.44% in year one, and rental yield stands at 7.68% at a $259,000 entry. Equity gained on principal adds $1,671/yr while 5% annual appreciation compounds into $71,557 by year five. Five-year ROI records 110.8% and total cumulative return in cash reaches $95,128. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,658/mo property income versus a $1,268/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24482, Verona, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,449 (71.4%) |
| Renter Occupied HU | 452 (22.3%) |
| Vacant Housing Units | 129 ( 6.4%) |
| Median Home Value | $309,478 |
| Average Home Value | $338,671 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,740
Multi-Family
24
Businesses
246
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