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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Moneta at 1100 Celebration Ave UNIT 402, Moneta, VA, 24121 generates $2,321/mo in rent and, after a $1,564/mo payment, leaves $163/mo in cash flow. Total monthly income is $2,321/mo, and annual cash flow is $1,954/yr on $105,914 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 8.72% on a $319,500 entry. Equity gained on principal adds $2,062/yr, while 5% annual appreciation builds toward $88,272 over five years. Five-year ROI reaches 113.46% and total cumulative return in cash sums $120,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,321/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$248 monthly HOA
Neighborhood data shown for ZIP Code: 24121, Moneta, VA area.
| 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 |
Residential
6,195
Single Family
6,011
Multi-Family
184
Businesses
414
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Listing removed | $2,000 |
| 2024-10-30 | Listed for rent | $2,000 |
| 2024-05-22 | Price change | $319,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | $998.35 | 35.55% | $243,500 | 65.31% |
| 2022-11-13 | $736.50 | N/A | $147,300 | N/A |
| 2021-11-13 | $736.50 | N/A | $147,300 | N/A |
Listed by: Jennifer Lynne Foust • ML REALTY BROKERED BY MAGNOLIA MOUNTAIN REALTY LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #903847
Disclaimer: Although the Multiple Listing Service of The Roanoke Valley is the source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. All information is deemed reliable but not guaranteed, and should be independently verified.
