986 Pine Tree DrHenricoNC27842
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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 Henrico at 986 Pine Tree Dr, Henrico, NC, 27842 priced at $1,089,000 converts $2,246/mo rent into after a $5,330/mo obligation. Total monthly income equals $2,246/mo. Return on cash invested prints 5.44% in year one, and rental yield reads 2.47% against a $1,089,000 entry. Equity gained on principal adds $7,027/yr, while 5% annual appreciation compiles into $300,871 by year five. Five-year ROI reaches 25.02% and total cumulative return in cash sums $88,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,246/mo property income covering a $5,330/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27842, Henrico, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,782 (100%) |
| Owner Occupied HU | 644 (36.1%) |
| Renter Occupied HU | 107 ( 6.0%) |
| Vacant Housing Units | 1,031 (57.9%) |
| Median Home Value | $540,842 |
| Average Home Value | $546,522 |
Housing Distribution
Address Breakdown
Residential
1,159
Single Family
1,159
Multi-Family
0
Businesses
50
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Listed by: Crystal Dickens • The Pointe Realty Group (Littleton)
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139802
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.