105 Reeds Meadow Ln NWFloydVA24091
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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 Floyd at 105 Reeds Meadow Ln NW, Floyd, VA, 24091 priced at $215,000 converts $1,879/mo rent into $594/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,879/mo, and annual cash flow totals $7,129/yr on $71,273 invested. Return on cash invested prints 29.91% in year one, and rental yield reads 10.49% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 156.26% and total cumulative return in cash sums $111,373. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,879/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1964
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24091, Floyd, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,796 (100%) |
| Owner Occupied HU | 2,507 (66.0%) |
| Renter Occupied HU | 760 (20.0%) |
| Vacant Housing Units | 529 (13.9%) |
| Median Home Value | $280,014 |
| Average Home Value | $309,658 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,379
Multi-Family
0
Businesses
421
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Listed by: Jocelyn Moore Coulston • THOMAS & WALL REAL ESTATE LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #911476
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