998 Power Dam RdRocky 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 998 Power Dam Rd, Rocky Mount, VA, 24151 earns $584/mo cash flow from $2,225/mo rent with a $1,344/mo payment. Total monthly income totals $2,225/mo, and annual cash flow totals $7,003/yr on $90,997 capital. ROI tracks 27.61% on current figures, and rental yield reads 9.73% at a $274,500 purchase. Equity gained on principal adds $1,771/yr, and 5% annual appreciation supports $75,839 over five years. Five-year ROI reaches 143.84% and total cumulative return in cash sums $130,894. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,225/mo property income instead of your personal income.
Single Family
Built in 1998
32.15 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: Christina Davis • Mountain to Lake Realty
Mls Name: MVMLS
Mls ID: #142086