108 2nd AveSaltvilleVA24370
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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 Saltville at 108 2nd Ave, Saltville, VA, 24370 listed at $179,600 pairs $1,200/mo rent with a $879/mo payment to leave $126/mo cash flow. Total monthly income runs $1,200/mo, and annual cash flow reaches $1,517/yr on $59,537 cash to close. Return on cash invested measures 22.46% in year one, and rental yield registers 8.02% at a $179,600 basis. Equity gained on principal adds $1,159/yr, and annual property appreciation at 5% supports $49,620 by year five. Five-year ROI tracks 116.25% and total cumulative return in cash totals $69,215. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,200/mo property income relative to a $879/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
10,454 sqft 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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Listed by: Kathy Pearce • Uptown Properties LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #99196
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.