1308 Chestnut Ridge RdChilhowieVA24319
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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 Chilhowie at 1308 Chestnut Ridge Rd, Chilhowie, VA, 24319 generates $2,527/mo in rent and, after a $1,380/mo payment, leaves $842/mo in cash flow. Total monthly income is $2,527/mo, and annual cash flow is $10,098/yr on $93,483 invested. Return on cash invested sits at 30.71% in year one, and rental yield is 10.75% on a $282,000 entry. Equity gained on principal adds $1,820/yr, while 5% annual appreciation builds toward $77,911 over five years. Five-year ROI reaches 160.51% and total cumulative return in cash sums $150,049. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,527/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24319, Chilhowie, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,287 (100%) |
| Owner Occupied HU | 2,145 (65.3%) |
| Renter Occupied HU | 694 (21.1%) |
| Vacant Housing Units | 448 (13.6%) |
| Median Home Value | $172,189 |
| Average Home Value | $204,587 |
Housing Distribution
Address Breakdown
Residential
2,644
Single Family
2,644
Multi-Family
0
Businesses
154
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