1042 E Main StSaltvilleVA24370
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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 Saltville at 1042 E Main St, Saltville, VA, 24370 generates $802/mo in rent and, after a $489/mo payment, leaves $205/mo in cash flow. Total monthly income is $802/mo, and annual cash flow is $2,456/yr on $33,150 invested. Return on cash invested sits at 27.32% in year one, and rental yield is 9.62% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 142.31% and total cumulative return in cash sums $47,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $802/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24370, Saltville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 1,930 (64.9%) |
| Renter Occupied HU | 487 (16.4%) |
| Vacant Housing Units | 556 (18.7%) |
| Median Home Value | $116,667 |
| Average Home Value | $157,013 |
Housing Distribution
Address Breakdown
Residential
2,486
Single Family
2,486
Multi-Family
0
Businesses
116
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