1220 S Mound AveCovingtonVA24426
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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 Covington at 1220 S Mound Ave, Covington, VA, 24426 earns $289/mo cash flow from $1,789/mo rent with a $1,228/mo payment. Total monthly income totals $1,789/mo, and annual cash flow totals $3,472/yr on $83,140 capital. ROI tracks 24.08% on current figures, and rental yield reads 8.56% at a $250,800 purchase. Equity gained on principal adds $1,618/yr, and 5% annual appreciation supports $69,291 over five years. Five-year ROI reaches 124.99% and total cumulative return in cash sums $103,917. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,789/mo property income instead of your personal income.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,226 (100%) |
| Owner Occupied HU | 4,749 (65.7%) |
| Renter Occupied HU | 1,407 (19.5%) |
| Vacant Housing Units | 1,070 (14.8%) |
| Median Home Value | $121,270 |
| Average Home Value | $161,865 |
Housing Distribution
Address Breakdown
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
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