1485 Lead Mine RdAustinvilleVA24312
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 1485 Lead Mine Rd, Austinville, VA, 24312 in Austinville at $1,450,000, 2.32% gross yield, is a market-growth asset. Rental yield 2.32%. The $2,804/mo rent partially funds the $6,520/mo debt service; the core return is the 5%/yr price growth projected to add $400,608 over five years. Ziffy Mortgage's DSCR mortgage (0.43) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $171,186.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 2.3% | 6.2% |
| Monthly Cash Flow | $(5,863) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,804 |
| Total Monthly Debt Service | $8,091 |
| DSCR Ratio | 0.35x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2007
25.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24312, Austinville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 674 (65.8%) |
| Renter Occupied HU | 130 (12.7%) |
| Vacant Housing Units | 221 (21.6%) |
| Median Home Value | $109,949 |
| Average Home Value | $141,869 |
Housing Distribution
Address Breakdown
Residential
995
Single Family
995
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
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
Single Family
Built in 2007
25.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24312, Austinville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 674 (65.8%) |
| Renter Occupied HU | 130 (12.7%) |
| Vacant Housing Units | 221 (21.6%) |
| Median Home Value | $109,949 |
| Average Home Value | $141,869 |
Housing Distribution
Address Breakdown
Residential
995
Single Family
995
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
Listed by: Elaine Smith • Berkshire Hathaway Home Services Mountain Sky Properties-Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #428090
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.