12397 Prices Bridge RdGlade SpringVA24340
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
Investment Highlights
Investment property for sale in Glade Spring at 12397 Prices Bridge Rd, Glade Spring, VA, 24340 uses $51,714 cash to close to unlock $9,024/yr annual cash flow and $752/mo monthly cash flow. Total monthly income runs $1,685/mo, and a $764/mo payment keeps the spread at $752/mo. Purchase price stands at $156,000, and rental yield measures 12.96% with $1,685/mo rent. Return on cash invested shows 37.36% in year one, and 5% annual appreciation builds toward $43,100 over five years. Five-year ROI reaches 196.14% and total cumulative return in cash records $101,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,685/mo property income covering a $764/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24340, Glade Spring, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,429 (100%) |
| Owner Occupied HU | 1,667 (68.6%) |
| Renter Occupied HU | 482 (19.8%) |
| Vacant Housing Units | 280 (11.5%) |
| Median Home Value | $189,556 |
| Average Home Value | $215,832 |
Housing Distribution
Address Breakdown
Residential
2,202
Single Family
2,202
Multi-Family
0
Businesses
105
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Listed by: Sandra Snaden • Matt Smith Realty
Mls Name: SWVAR
Mls Provider:
Mls ID: #100284
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.