1120 Lees Gap RdFincastleVA24090
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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 Fincastle at 1120 Lees Gap Rd, Fincastle, VA, 24090 priced at $906,500 pairs $4,958/mo rent with after a $4,437/mo payment. Total monthly income equals $4,958/mo. Return on cash invested is 18.21% in year one, and rental yield stands at 6.56% on a $906,500 basis. Equity gained on principal adds $5,850/yr, and 5% annual appreciation accumulates to $250,449 by year five. Five-year ROI measures 93.38% and total cumulative return in cash reaches $278,508. For financing, Ziffy Mortgage’s DSCR program evaluates $4,958/mo property income against a $4,437/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
5.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24090, Fincastle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,242 (100%) |
| Owner Occupied HU | 1,723 (76.9%) |
| Renter Occupied HU | 299 (13.3%) |
| Vacant Housing Units | 220 ( 9.8%) |
| Median Home Value | $375,836 |
| Average Home Value | $433,817 |
Housing Distribution
Address Breakdown
Residential
1,835
Single Family
1,835
Multi-Family
0
Businesses
140
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