1162 Glendale RdGalaxVA24333
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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 Galax at 1162 Glendale Rd, Galax, VA, 24333 uses $71,273 cash to close to unlock $20,557/yr annual cash flow and $1,713/mo monthly cash flow. Total monthly income runs $2,998/mo, and a $1,052/mo payment keeps the spread at $1,713/mo. Purchase price stands at $215,000, and rental yield measures 16.73% with $2,998/mo rent. Return on cash invested shows 48.75% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 257.3% and total cumulative return in cash records $183,385. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,998/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24333, Galax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,838 (100%) |
| Owner Occupied HU | 5,415 (61.3%) |
| Renter Occupied HU | 1,976 (22.4%) |
| Vacant Housing Units | 1,447 (16.4%) |
| Median Home Value | $157,744 |
| Average Home Value | $201,998 |
Housing Distribution
Address Breakdown
Residential
8,041
Single Family
7,799
Multi-Family
242
Businesses
670
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Listed by: Keith Clark • BHHS- Mountain Sky Properties-Hillsville
Mls Name: SWVAR
Mls Provider:
Mls ID: #100786
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.