1005 Midnight Dr, Chilhowie, VA, 24319 | Equity Gain $1,161/yr

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Chilhowie at 1005 Midnight Dr, Chilhowie, VA, 24319 generates $0/mo in rent, after a $881/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.74% in year one, and rental yield is 0% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.

Single Family

Built in 1965

8,712 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 24319, Chilhowie, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,287 (100%)
Owner Occupied HU	2,145 (65.3%)
Renter Occupied HU	694 (21.1%)
Vacant Housing Units	448 (13.6%)
Median Home Value	$172,189
Average Home Value	$204,587