1095 Powder Mill RdElk CreekVA24326
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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
Rental property for sale in Elk Creek at 1095 Powder Mill Rd, Elk Creek, VA, 24326 generates $2,084/mo in rent, after a $2,567/mo payment. Total monthly income is $2,084/mo. Return on cash invested sits at 12.75% in year one, and rental yield is 4.77% on a $524,500 entry. Equity gained on principal adds $3,385/yr, while 5% annual appreciation builds toward $144,910 over five years. Five-year ROI reaches 64.14% and total cumulative return in cash sums $110,672. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,084/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
8.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24326, Elk Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 750 (100%) |
| Owner Occupied HU | 395 (52.7%) |
| Renter Occupied HU | 68 ( 9.1%) |
| Vacant Housing Units | 287 (38.3%) |
| Median Home Value | $166,964 |
| Average Home Value | $209,437 |
Housing Distribution
Address Breakdown
Residential
578
Single Family
578
Multi-Family
0
Businesses
22
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