103 Ronnie StCedar BluffVA24609
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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 Cedar Bluff at 103 Ronnie St, Cedar Bluff, VA, 24609 uses $50,554 cash to close to unlock $6,225/yr annual cash flow and $519/mo monthly cash flow. Total monthly income runs $1,430/mo, and a $746/mo payment keeps the spread at $519/mo. Purchase price stands at $152,500, and rental yield measures 11.25% with $1,430/mo rent. Return on cash invested shows 32.22% in year one, and 5% annual appreciation builds toward $42,133 over five years. Five-year ROI reaches 168.6% and total cumulative return in cash records $85,235. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,430/mo property income covering a $746/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24609, Cedar Bluff, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,117 (100%) |
| Owner Occupied HU | 2,222 (71.3%) |
| Renter Occupied HU | 485 (15.6%) |
| Vacant Housing Units | 410 (13.2%) |
| Median Home Value | $161,607 |
| Average Home Value | $223,812 |
Housing Distribution
Address Breakdown
Residential
2,515
Single Family
2,515
Multi-Family
0
Businesses
215
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Listed by: Vonda Sykes • Century 21 Prime Properties Tazewell
Mls Name: SWVAR
Mls Provider:
Mls ID: #99283
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.