924 E Main StIndependenceVA24348
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 924 E Main St, Independence, VA, 24348 in Independence. Priced at $169,000, it generates $1,645/mo in gross rent and $635/mo in net monthly cash flow, a 11.68% yield that comfortably supports the 2.16 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,619. Five-year appreciation: $46,692. Equity from principal paydown: $1,557/yr. Total projected cumulative return: $104,779.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.2% |
| Monthly Cash Flow | $635 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,645 |
| Total Monthly Debt Service | $943 |
| DSCR Ratio | 1.74x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1975
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24348, Independence, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,235 (55.5%) |
| Renter Occupied HU | 393 (17.7%) |
| Vacant Housing Units | 598 (26.9%) |
| Median Home Value | $164,875 |
| Average Home Value | $254,006 |
Housing Distribution
Address Breakdown
Residential
1,807
Single Family
1,807
Multi-Family
0
Businesses
154
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
Multi Family
Built in 1975
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24348, Independence, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,235 (55.5%) |
| Renter Occupied HU | 393 (17.7%) |
| Vacant Housing Units | 598 (26.9%) |
| Median Home Value | $164,875 |
| Average Home Value | $254,006 |
Housing Distribution
Address Breakdown
Residential
1,807
Single Family
1,807
Multi-Family
0
Businesses
154
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Hawks • Kyle Realty, Inc.
Mls Name: SWVAR
Mls Provider:
Mls ID: #89133
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.