9 Laurel AveDanvilleVA24541
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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
Total monthly income runs $1,440/mo, and a $6,118/mo payment. Purchase price stands at $1,250,000, and rental yield measures 1.38% with $1,440/mo rent. Return on cash invested shows 2.5% in year one, and 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 9.08% and total cumulative return in cash records $36,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $6,118/mo payment rather than investor’s personal income.
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24541, Danville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,208 (100%) |
| Owner Occupied HU | 6,545 (46.1%) |
| Renter Occupied HU | 5,578 (39.3%) |
| Vacant Housing Units | 2,085 (14.7%) |
| Median Home Value | $162,672 |
| Average Home Value | $208,734 |
Housing Distribution
Address Breakdown
Residential
13,028
Single Family
11,668
Multi-Family
1,360
Businesses
943
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Listed by: Debra Fugate • RAMSEY YEATTS & ASSOCIATES, REALTORS
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #70002
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.