1160 Moorman RdHardyVA24101
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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 Hardy at 1160 Moorman Rd, Hardy, VA, 24101 listed at $349,999 pairs $2,413/mo rent with a $1,713/mo payment to leave $321/mo cash flow. Total monthly income runs $2,413/mo, and annual cash flow reaches $3,850/yr on $116,025 cash to close. Return on cash invested measures 23.23% in year one, and rental yield registers 8.27% at a $349,999 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,698 by year five. Five-year ROI tracks 120.35% and total cumulative return in cash totals $139,634. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,413/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24101, Hardy, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,103 (100%) |
| Owner Occupied HU | 2,436 (78.5%) |
| Renter Occupied HU | 265 ( 8.5%) |
| Vacant Housing Units | 402 (13.0%) |
| Median Home Value | $362,342 |
| Average Home Value | $426,026 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,900
Multi-Family
0
Businesses
250
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