128 Highland StGate CityVA24251
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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
Rental property for sale in Gate City at 128 Highland St, Gate City, VA, 24251 priced at $269,000 converts $1,892/mo rent into $284/mo cash flow after a $1,317/mo obligation. Total monthly income equals $1,892/mo, and annual cash flow totals $3,403/yr on $89,174 invested. Return on cash invested prints 23.73% in year one, and rental yield reads 8.44% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 123.05% and total cumulative return in cash sums $109,727. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,892/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 1945
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24251, Gate City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 2,921 (63.6%) |
| Renter Occupied HU | 847 (18.4%) |
| Vacant Housing Units | 825 (18.0%) |
| Median Home Value | $163,384 |
| Average Home Value | $224,870 |
Housing Distribution
Address Breakdown
Residential
4,126
Single Family
4,058
Multi-Family
68
Businesses
284
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Listed by: Mary Glenn Lively • Southern Dwellings
Mls Name: TVRMLS
Mls ID: #9979317
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