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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% |
Investment property for sale in Altavista at 1104 8th St, Altavista, VA, 24517 listed at $185,000 pairs $1,050/mo rent with a $905/mo payment. Total monthly income runs $1,050/mo. Return on cash invested measures 18.82% in year one, and rental yield registers 6.81% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 96.78% and total cumulative return in cash totals $59,355. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,050/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24517, Altavista, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,517 (100%) |
| Owner Occupied HU | 1,539 (61.1%) |
| Renter Occupied HU | 719 (28.6%) |
| Vacant Housing Units | 259 (10.3%) |
| Median Home Value | $136,399 |
| Average Home Value | $216,556 |
Residential
2,485
Single Family
2,472
Multi-Family
13
Businesses
338
Date | Event | Price |
|---|---|---|
| 2025-06-26 | Listed for sale | $185,000 |
| 2017-05-18 | Sold | $56,000 |
| 2016-12-29 | Price change | $64,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-27 | $4.50 | -13.46% | $1,000 | N/A |
| 2022-06-27 | $5.20 | N/A | $1,000 | N/A |
| 2021-06-27 | $5.20 | N/A | N/A | N/A |
What's Special
Access,Pull Down Stairs
Listed by: Laney Thompson • Karl Miller Realty LLC
Mls Name: LMLS
Mls Provider:
Mls ID: #360162
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.
