150 Northwest New Melrose StCoeburnVA24230
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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 Coeburn at 150 Northwest New Melrose St, Coeburn, VA, 24230 priced at $689,995 pairs $3,227/mo rent with after a $3,377/mo payment. Total monthly income equals $3,227/mo. Return on cash invested is 15.32% in year one, and rental yield stands at 5.61% on a $689,995 basis. Equity gained on principal adds $4,452/yr, and 5% annual appreciation accumulates to $190,633 by year five. Five-year ROI measures 77.9% and total cumulative return in cash reaches $176,850. For financing, Ziffy Mortgage’s DSCR program evaluates $3,227/mo property income against a $3,377/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24230, Coeburn, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,868 (100%) |
| Owner Occupied HU | 2,358 (61.0%) |
| Renter Occupied HU | 750 (19.4%) |
| Vacant Housing Units | 760 (19.6%) |
| Median Home Value | $139,552 |
| Average Home Value | $167,802 |
Housing Distribution
Address Breakdown
Residential
2,687
Single Family
2,665
Multi-Family
22
Businesses
149
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