1170 Pilgrim Fork RdElk CreekVA24326
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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 Elk Creek at 1170 Pilgrim Fork Rd, Elk Creek, VA, 24326 listed at $590,000 pairs $1,106/mo rent with a $2,888/mo payment. Total monthly income runs $1,106/mo. Return on cash invested measures 5.09% in year one, and rental yield registers 2.25% at a $590,000 basis. Equity gained on principal adds $3,807/yr, and annual property appreciation at 5% supports $163,006 by year five. Five-year ROI tracks 23.07% and total cumulative return in cash totals $44,788. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,106/mo property income relative to a $2,888/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
49.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24326, Elk Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 750 (100%) |
| Owner Occupied HU | 395 (52.7%) |
| Renter Occupied HU | 68 ( 9.1%) |
| Vacant Housing Units | 287 (38.3%) |
| Median Home Value | $166,964 |
| Average Home Value | $209,437 |
Housing Distribution
Address Breakdown
Residential
578
Single Family
578
Multi-Family
0
Businesses
22
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