1014 Tahoe DrCollinsvilleVA24078
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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 Collinsville at 1014 Tahoe Dr, Collinsville, VA, 24078 uses $49,394 cash to close to unlock $5,167/yr annual cash flow and $431/mo monthly cash flow. Total monthly income runs $1,321/mo, and a $729/mo payment keeps the spread at $431/mo. Purchase price stands at $149,000, and rental yield measures 10.64% with $1,321/mo rent. Return on cash invested shows 30.37% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 158.7% and total cumulative return in cash records $78,388. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,321/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1948
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24078, Collinsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,549 (100%) |
| Owner Occupied HU | 1,893 (53.3%) |
| Renter Occupied HU | 1,234 (34.8%) |
| Vacant Housing Units | 422 (11.9%) |
| Median Home Value | $137,580 |
| Average Home Value | $165,283 |
Housing Distribution
Address Breakdown
Residential
3,182
Single Family
3,088
Multi-Family
94
Businesses
289
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Listed by: JEFF MANNING • WAINWRIGHT & CO., REALTORS(r)- LAKE
Mls Name: RVAR
Mls ID: #923029