120 Lakecrest DrHardyVA24101
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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
Total monthly income runs $2,648/mo, and a $3,059/mo payment. Purchase price stands at $624,900, and rental yield measures 5.08% with $2,648/mo rent. Return on cash invested shows 13.59% in year one, and 5% annual appreciation builds toward $172,648 over five years. Five-year ROI reaches 68.73% and total cumulative return in cash records $141,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,648/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.51 Acres lot
$N/A/sqft
$240 annually 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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Listed by: Teresa Grant • KELLER WILLIAMS REALTY LYNCHBURG
Mls Name: RVAR
Mls Provider:
Mls ID: #915093
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