(Undisclosed Address)Vernon HillVA24597
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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 Vernon Hill at (Undisclosed Address), Vernon Hill, VA, 24597 listed at $225,000 pairs $2,134/mo rent with a $1,101/mo payment to leave $789/mo cash flow. Total monthly income runs $2,134/mo, and annual cash flow reaches $9,471/yr on $74,588 cash to close. Return on cash invested measures 32.61% in year one, and rental yield registers 11.38% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 170.71% and total cumulative return in cash totals $127,329. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,134/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24597, Vernon Hill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 591 (100%) |
| Owner Occupied HU | 367 (62.1%) |
| Renter Occupied HU | 84 (14.2%) |
| Vacant Housing Units | 140 (23.7%) |
| Median Home Value | $237,766 |
| Average Home Value | $267,732 |
Housing Distribution
Address Breakdown
Residential
544
Single Family
544
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Tiffany Swain • SovaNest Realty
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #71502
Disclaimer: Copyright Southern Piedmont Land & Lake Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.