1017 Cranberry RdGalaxVA24333
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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 Galax at 1017 Cranberry Rd, Galax, VA, 24333 listed at $339,900 pairs $1,050/mo rent with a $1,664/mo payment. Total monthly income runs $1,050/mo. Return on cash invested measures 9.45% in year one, and rental yield registers 3.71% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 46.48% and total cumulative return in cash totals $52,367. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,050/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24333, Galax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,838 (100%) |
| Owner Occupied HU | 5,415 (61.3%) |
| Renter Occupied HU | 1,976 (22.4%) |
| Vacant Housing Units | 1,447 (16.4%) |
| Median Home Value | $157,744 |
| Average Home Value | $201,998 |
Housing Distribution
Address Breakdown
Residential
8,041
Single Family
7,799
Multi-Family
242
Businesses
670
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