10388 Helen Henderson HwyHonakerVA24260
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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
Rental property for sale in Honaker at 10388 Helen Henderson Hwy, Honaker, VA, 24260 generates $2,035/mo in rent and, after a $1,175/mo payment, leaves $600/mo in cash flow. Total monthly income is $2,035/mo, and annual cash flow is $7,200/yr on $79,555 invested. Return on cash invested sits at 28.96% in year one, and rental yield is 10.18% on a $239,985 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,303 over five years. Five-year ROI reaches 151.15% and total cumulative return in cash sums $120,250. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,035/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24260, Honaker, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,523 (100%) |
| Owner Occupied HU | 1,743 (69.1%) |
| Renter Occupied HU | 435 (17.2%) |
| Vacant Housing Units | 345 (13.7%) |
| Median Home Value | $113,104 |
| Average Home Value | $153,914 |
Housing Distribution
Address Breakdown
Residential
1,887
Single Family
1,887
Multi-Family
0
Businesses
91
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