123 Luttie Banner DrCastlewoodVA24224
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Castlewood at 123 Luttie Banner Dr, Castlewood, VA, 24224 projects strong ROI of 1.29%. Rental yield 1.14%. With 5% annual appreciation, the property builds $690,704 in value over five years. Equity growth combined delivers a projected five-year ROI of 19.36%, translating into $136,755 in total cumulative return on $706,250 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 1.1% | 6.2% |
| Monthly Cash Flow | $(12,570) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,375 |
| Total Monthly Debt Service | $13,950 |
| DSCR Ratio | 0.17x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
224 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24224, Castlewood, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,986 (100%) |
| Owner Occupied HU | 2,046 (68.5%) |
| Renter Occupied HU | 466 (15.6%) |
| Vacant Housing Units | 474 (15.9%) |
| Median Home Value | $122,854 |
| Average Home Value | $166,968 |
Housing Distribution
Address Breakdown
Residential
1,977
Single Family
1,977
Multi-Family
0
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1925
224 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24224, Castlewood, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,986 (100%) |
| Owner Occupied HU | 2,046 (68.5%) |
| Renter Occupied HU | 466 (15.6%) |
| Vacant Housing Units | 474 (15.9%) |
| Median Home Value | $122,854 |
| Average Home Value | $166,968 |
Housing Distribution
Address Breakdown
Residential
1,977
Single Family
1,977
Multi-Family
0
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keith Clark • BHHS- Mountain Sky Properties-Hillsville
Mls Name: SWVAR
Mls ID: #99731