114 Elderspirit CtAbingdonVA24210
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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 Abingdon at 114 Elderspirit Ct, Abingdon, VA, 24210 offers $1,440/mo rent that, after a $1,027/mo payment, leaves $186/mo cash flow. Total monthly income is $1,440/mo, and annual cash flow is $2,227/yr on $69,582 cash. Return on cash invested measures 23.11% in year one, and rental yield stands at 8.23% at a $209,900 entry. Equity gained on principal adds $1,354/yr while 5% annual appreciation compounds into $57,992 by year five. Five-year ROI records 119.75% and total cumulative return in cash reaches $83,324. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $1,027/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2006
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24210, Abingdon, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,169 (100%) |
| Owner Occupied HU | 4,887 (59.8%) |
| Renter Occupied HU | 2,455 (30.1%) |
| Vacant Housing Units | 827 (10.1%) |
| Median Home Value | $237,967 |
| Average Home Value | $350,121 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,698
Multi-Family
138
Businesses
853
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