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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Monroe at 1343 Wares Gap Rd, Monroe, VA, 24574 listed at $699,000 pairs $1,560/mo rent with a $3,421/mo payment. Total monthly income runs $1,560/mo. Return on cash invested measures 6.4% in year one, and rental yield registers 2.68% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 30.08% and total cumulative return in cash totals $69,170. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,560/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2002
17.54 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24574, Monroe, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,312 (71.3%) |
| Renter Occupied HU | 244 (13.3%) |
| Vacant Housing Units | 283 (15.4%) |
| Median Home Value | $269,952 |
| Average Home Value | $290,543 |
Residential
1,642
Single Family
1,642
Multi-Family
0
Businesses
78
Date | Event | Price |
|---|---|---|
| 2025-09-05 | Listed for sale | $699,000 |
| 2025-09-05 | Listing removed | $799,900 |
| 2024-10-24 | Price change | $799,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-08 | $1826.95 | 0.40% | $299,500 | 0.40% |
| 2023-09-08 | $1819.63 | N/A | $298,300 | N/A |
| 2022-09-08 | $1819.63 | N/A | $298,300 | N/A |
Listed by: Corrie Hall • eXp Realty LLC-Lynchburg
Mls Name: LMLS
Mls Provider:
Mls ID: #361758
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.
