906 Equestrian Trail RdNew CantonVA23123
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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 New Canton at 906 Equestrian Trail Rd, New Canton, VA, 23123 generates $1,440/mo in rent, after a $2,104/mo payment. Total monthly income is $1,440/mo. Return on cash invested sits at 10.4% in year one, and rental yield is 4.02% on a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 51.57% and total cumulative return in cash sums $73,495. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
44.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23123, New Canton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 792 (100%) |
| Owner Occupied HU | 505 (63.8%) |
| Renter Occupied HU | 161 (20.3%) |
| Vacant Housing Units | 126 (15.9%) |
| Median Home Value | $189,674 |
| Average Home Value | $351,995 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
729
Multi-Family
0
Businesses
28
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Listed by: Larry D Atkins • State Wide Realty Company
Mls Name: LMLS
Mls ID: #361805