1252 Chestnut AveBuena 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 1252 Chestnut Ave, Buena Vista, VA, 24416 uses $58,013 cash to close to unlock $3,557/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $1,343/mo, and a $857/mo payment keeps the spread at $296/mo. Purchase price stands at $175,000, and rental yield measures 9.21% with $1,343/mo rent. Return on cash invested shows 26.04% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 135.5% and total cumulative return in cash records $78,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,343/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,250 sqft 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: Paula J. Martin • Lexington Real Estate Connection
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138426
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers 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 Deemed Reliable But Not Guaranteed. Copyright 2024 Rockbridge Highland Realtors. All rights reserved.