106 Channel Way, Moneta, VA, 24121 | 4.34% Rental Yield

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106 Channel Way, Moneta, VA, 24121 | 4.34% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Moneta at 106 Channel Way, Moneta, VA, 24121 at $969,900 posts ROI 11.44% with from $3,505/mo rent. Total monthly income equals $3,505/mo. Return on cash invested measures 11.44% and rental yield reads 4.34% at the current $969,900. Equity gained on principal adds $6,259/yr, and 5% annual appreciation supports $267,965 by year five. Five-year ROI prints 57.11% and total cumulative return in cash totals $182,241. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,505/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1986

0.44 Acres lot

$N/A/sqft

No HOA

More details about the property

Let your lake home pay for itself w/the established rental history this home has to offer! Enjoy this spacious waterfront home w/room for family & friends. 2500 sq. ft finished & 500 unfinished sq ft, 4 bedrooms (3 br septic), 3 baths & being sold almost turnkey & you can just move in & start having fun! Covered Deck to enjoy the fantastic view & gentle lot w/183' of lakefront. Upgrades galore since this home has almost totally been remodeled w/new kitchen & bathroom cabinets in 2023, New washer, dryer & cooktop in 2023,new paint, LVP floors & hot water heater in 2022, new gutters w/leaf guards in 2024,new showers in 2024, new dock decking boards & lift in 2021 & new hot tub in 2019. Covered boat house w/lift. Only minutes away by car or boat to restaurants, grocery store, & shopping. All P Buckley Moss Prints and 2 cast iron stoves in the fireplaces do not convey in the furnishings to convey but can be purchased separately. Great neighborhood and located at the end of the cul-de-sac. Short term rentals allowed. Roof is approx 10 years old. Public water.

Neighborhood Data

Neighborhood data shown for ZIP Code: 24121, Moneta, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,805 (100%)
Owner Occupied HU	4,423 (56.7%)
Renter Occupied HU	643 ( 8.2%)
Vacant Housing Units	2,739 (35.1%)
Median Home Value	$493,149
Average Home Value	$589,306