9 Norwood DrChase CityVA23924
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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
Rental property for sale in Chase City at 9 Norwood Dr, Chase City, VA, 23924 priced at $179,900 pairs $1,387/mo rent with $311/mo cash flow after a $881/mo payment. Total monthly income equals $1,387/mo, and annual cash flow comes to $3,733/yr on $59,637 invested. Return on cash invested is 26.17% in year one, and rental yield stands at 9.25% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 136.24% and total cumulative return in cash reaches $81,249. For financing, Ziffy Mortgage’s DSCR program evaluates $1,387/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23924, Chase City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,032 (100%) |
| Owner Occupied HU | 1,745 (57.6%) |
| Renter Occupied HU | 713 (23.5%) |
| Vacant Housing Units | 574 (18.9%) |
| Median Home Value | $143,473 |
| Average Home Value | $203,683 |
Housing Distribution
Address Breakdown
Residential
2,707
Single Family
2,630
Multi-Family
77
Businesses
218
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Listed by: Colby Bailey • Southern Pine Realty Solutions
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71523