1089 Bluewater Dr #401MonetaVA24121
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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 Moneta at 1089 Bluewater Dr #401, Moneta, VA, 24121 uses $66,283 cash to close to unlock $2,381/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $1,394/mo, and a $979/mo payment keeps the spread at $198/mo. Purchase price stands at $199,950, and rental yield measures 8.37% with $1,394/mo rent. Return on cash invested shows 23.5% in year one, and 5% annual appreciation builds toward $55,243 over five years. Five-year ROI reaches 121.88% and total cumulative return in cash records $80,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,394/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,195
Single Family
6,011
Multi-Family
184
Businesses
414
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