LOT 2 George Washington HwyCharlotte Court HouseVA23923
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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 Charlotte Court House at LOT 2 George Washington Hwy, Charlotte Court House, VA, 23923 priced at $299,900 pairs $2,104/mo rent with $311/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,104/mo, and annual cash flow comes to $3,733/yr on $99,417 invested. Return on cash invested is 23.66% in year one, and rental yield stands at 8.42% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 122.75% and total cumulative return in cash reaches $122,032. For financing, Ziffy Mortgage’s DSCR program evaluates $2,104/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23923, Charlotte Court House, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,166 (100%) |
| Owner Occupied HU | 730 (62.6%) |
| Renter Occupied HU | 233 (20.0%) |
| Vacant Housing Units | 203 (17.4%) |
| Median Home Value | $198,529 |
| Average Home Value | $285,315 |
Housing Distribution
Address Breakdown
Residential
1,033
Single Family
1,033
Multi-Family
0
Businesses
99
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Listed by: Heather Grubb • FIRST CHOICE REALTY, INC
Mls Name: CAAR
Mls Provider:
Mls ID: #658038
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.