11321 Norwood RdWinginaVA24599
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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 Wingina at 11321 Norwood Rd, Wingina, VA, 24599 uses $74,588 cash to close to unlock $9,663/yr annual cash flow and $805/mo monthly cash flow. Total monthly income runs $2,150/mo, and a $1,101/mo payment keeps the spread at $805/mo. Purchase price stands at $225,000, and rental yield measures 11.47% with $2,150/mo rent. Return on cash invested shows 32.86% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 172.08% and total cumulative return in cash records $128,349. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,150/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 2000
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24599, Wingina, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 410 (100%) |
| Owner Occupied HU | 258 (62.9%) |
| Renter Occupied HU | 55 (13.4%) |
| Vacant Housing Units | 97 (23.7%) |
| Median Home Value | $213,333 |
| Average Home Value | $255,310 |
Housing Distribution
Address Breakdown
Residential
299
Single Family
299
Multi-Family
0
Businesses
11
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Listed by: The Gunnels Group • LONG & FOSTER - LAKE MONTICELLO
Mls Name: CAAR
Mls Provider:
Mls ID: #662751
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.