Zip Code 24521 — Amherst, VA
🔴WEAK— appreciation play onlyCap Rate
3.5%
Monthly Cash Flow
-$698
Median Home Price
$294,663
DSCR
0.55
🏠 Fair Market Rents
- Studio
- $1,050/mo
- 1 Bedroom
- $1,060/mo
- 2 Bedroom
- $1,270/mo
- 3 Bedroom
- $1,570/mo
- 4 Bedroom
- $1,950/mo
📊 Investment Metrics
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -12.4%
- Price-to-Rent Ratio
- 15.6
- 1% Rule
- 0.53%
- Gross Rent Multiplier
- 15.6
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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