147 Seven Springs DrCastlewoodVA24224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Castlewood at 147 Seven Springs Dr, Castlewood, VA, 24224 earns $118/mo cash flow from $1,613/mo rent with a $1,224/mo payment. Total monthly income totals $1,613/mo, and annual cash flow totals $1,418/yr on $82,875 capital. ROI tracks 21.62% on current figures, and rental yield reads 7.74% at a $249,999 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 111.78% and total cumulative return in cash sums $92,638. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,613/mo property income instead of your personal income.
Single Family
Built in 1984
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24224, Castlewood, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,986 (100%) |
| Owner Occupied HU | 2,046 (68.5%) |
| Renter Occupied HU | 466 (15.6%) |
| Vacant Housing Units | 474 (15.9%) |
| Median Home Value | $122,854 |
| Average Home Value | $166,968 |
Housing Distribution
Address Breakdown
Residential
1,977
Single Family
1,977
Multi-Family
0
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Sawyers • REMAX Results Bristol
Mls Name: TVRMLS
Mls ID: #9986455