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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Altavista at 1033 8th St, Altavista, VA, 24517 earns $477/mo cash flow from $1,553/mo rent with a $881/mo payment. Total monthly income totals $1,553/mo, and annual cash flow totals $5,725/yr on $59,637 capital. ROI tracks 29.51% on current figures, and rental yield reads 10.36% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 154.13% and total cumulative return in cash sums $91,917. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,553/mo property income instead of your personal income.
Single Family
Built in 1964
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24517, Altavista, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,517 (100%) |
| Owner Occupied HU | 1,539 (61.1%) |
| Renter Occupied HU | 719 (28.6%) |
| Vacant Housing Units | 259 (10.3%) |
| Median Home Value | $136,399 |
| Average Home Value | $216,556 |
Residential
2,485
Single Family
2,472
Multi-Family
13
Businesses
338
Date | Event | Price |
|---|---|---|
| 2025-07-24 | Sold | $179,900 |
| 2025-07-07 | Pending sale | $179,900 |
| 2025-06-16 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-28 | N/A | N/A | $170,000 | 39.92% |
| 2022-10-28 | $631.80 | N/A | $121,500 | N/A |
| 2021-10-28 | $631.80 | N/A | N/A | N/A |
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Listed by: Schyler Coleman Higgins • Cornerstone Realty Group Inc.
Mls Name: LMLS
Mls Provider:
Mls ID: #358973
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.
