122 E 38th StBuena VistaVA24416
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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 Buena Vista at 122 E 38th St, Buena Vista, VA, 24416 uses $74,554 cash to close to unlock $1,072/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,434/mo, and a $1,101/mo payment keeps the spread at $89/mo. Purchase price stands at $224,900, and rental yield measures 7.65% with $1,434/mo rent. Return on cash invested shows 21.35% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 110.32% and total cumulative return in cash records $82,249. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,434/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24416, Buena Vista, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,009 (100%) |
| Owner Occupied HU | 2,407 (60.0%) |
| Renter Occupied HU | 1,117 (27.9%) |
| Vacant Housing Units | 485 (12.1%) |
| Median Home Value | $203,571 |
| Average Home Value | $276,812 |
Housing Distribution
Address Breakdown
Residential
3,723
Single Family
3,524
Multi-Family
199
Businesses
259
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Listed by: Karen Little • J.F. Brown Real Estate Services
Mls Name: Rockbridge Highlands REALTORS
Mls ID: #139645