975 Diamond AveRocky MountVA24151
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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
Investment property for sale in Rocky Mount at 975 Diamond Ave, Rocky Mount, VA, 24151 listed at $160,000 pairs $1,872/mo rent with a $783/mo payment to leave $916/mo cash flow. Total monthly income runs $1,872/mo, and annual cash flow reaches $10,988/yr on $53,040 cash to close. Return on cash invested measures 40.63% in year one, and rental yield registers 14.04% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 213.69% and total cumulative return in cash totals $113,342. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,872/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24151, Rocky Mount, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,571 (100%) |
| Owner Occupied HU | 5,656 (66.0%) |
| Renter Occupied HU | 2,178 (25.4%) |
| Vacant Housing Units | 737 ( 8.6%) |
| Median Home Value | $244,741 |
| Average Home Value | $315,576 |
Housing Distribution
Address Breakdown
Residential
8,293
Single Family
8,145
Multi-Family
148
Businesses
803
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Listed by: BOB PARCELL • MOUNTAIN TO LAKE REALTY
Mls Name: RVAR
Mls Provider:
Mls ID: #909375
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