105 Reeds Meadow RdFloydVA24091
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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 Floyd at 105 Reeds Meadow Rd, Floyd, VA, 24091 uses $71,273 cash to close to unlock $2,593/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $1,501/mo, and a $1,052/mo payment keeps the spread at $216/mo. Purchase price stands at $215,000, and rental yield measures 8.38% with $1,501/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 122.14% and total cumulative return in cash records $87,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,501/mo property income covering a $1,052/mo payment rather than investor’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 Coulston • Thomas & Wall Real Estate LLC
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #422324
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.