1061 Nursery RdLaurel ForkVA24352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Laurel Fork at 1061 Nursery Rd, Laurel Fork, VA, 24352 priced at $315,000 pairs $1,996/mo rent with $113/mo cash flow after a $1,542/mo payment. Total monthly income equals $1,996/mo, and annual cash flow comes to $1,353/yr on $104,423 invested. Return on cash invested is 21.2% in year one, and rental yield stands at 7.6% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 109.51% and total cumulative return in cash reaches $114,353. For financing, Ziffy Mortgage’s DSCR program evaluates $1,996/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
6.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24352, Laurel Fork, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 359 (57.3%) |
| Renter Occupied HU | 55 ( 8.8%) |
| Vacant Housing Units | 213 (34.0%) |
| Median Home Value | $180,147 |
| Average Home Value | $212,444 |
Housing Distribution
Address Breakdown
Residential
504
Single Family
504
Multi-Family
0
Businesses
23
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Nearby investment properties with comparable prices
Listed by: Levi Steven Cox • U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD
Mls Name: RVAR
Mls Provider:
Mls ID: #916522
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