120 Henderson LnGate CityVA24251
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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 Gate City at 120 Henderson Ln, Gate City, VA, 24251 at $192,000 posts ROI 22.28% with $126/mo cash flow from $1,274/mo rent. Total monthly income equals $1,274/mo, and annual cash flow records $1,512/yr on $63,648 to close. Return on cash invested measures 22.28% and rental yield reads 7.96% at the current $192,000. Equity gained on principal adds $1,239/yr, and 5% annual appreciation supports $53,046 by year five. Five-year ROI prints 115.32% and total cumulative return in cash totals $73,396.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,274/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2000
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24251, Gate City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 2,921 (63.6%) |
| Renter Occupied HU | 847 (18.4%) |
| Vacant Housing Units | 825 (18.0%) |
| Median Home Value | $163,384 |
| Average Home Value | $224,870 |
Housing Distribution
Address Breakdown
Residential
4,126
Single Family
4,058
Multi-Family
68
Businesses
284
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Listed by: Catrina Fletcher • Summit Properties
Mls Name: TVRMLS
Mls ID: #9981866
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