1409 Sunflower Farms DrHonakerVA24260
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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 Honaker at 1409 Sunflower Farms Dr, Honaker, VA, 24260 offers a 10.57% rental yield on a $350,000 purchase with $3,084/mo rent. Total monthly income registers $3,084/mo, and a $1,713/mo payment leaves $992/mo available for distribution. Annual cash flow reaches $11,902/yr on $116,025 to close, and return on cash invested stands at 30.17% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 157.57% and total cumulative return in cash at $182,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,084/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
43.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24260, Honaker, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,523 (100%) |
| Owner Occupied HU | 1,743 (69.1%) |
| Renter Occupied HU | 435 (17.2%) |
| Vacant Housing Units | 345 (13.7%) |
| Median Home Value | $113,104 |
| Average Home Value | $153,914 |
Housing Distribution
Address Breakdown
Residential
1,887
Single Family
1,887
Multi-Family
0
Businesses
91
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Listed by: Jaimie Tuggle • RE/MAX At Work
Mls Name: SWVAR
Mls Provider:
Mls ID: #100224
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.