152 Indian Springs DrCedar BluffVA24609
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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 Cedar Bluff at 152 Indian Springs Dr, Cedar Bluff, VA, 24609 priced at $199,000 pairs $1,320/mo rent with $130/mo cash flow after a $974/mo payment. Total monthly income equals $1,320/mo, and annual cash flow comes to $1,565/yr on $65,969 invested. Return on cash invested is 22.28% in year one, and rental yield stands at 7.96% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 115.34% and total cumulative return in cash reaches $76,086. For financing, Ziffy Mortgage’s DSCR program evaluates $1,320/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24609, Cedar Bluff, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,117 (100%) |
| Owner Occupied HU | 2,222 (71.3%) |
| Renter Occupied HU | 485 (15.6%) |
| Vacant Housing Units | 410 (13.2%) |
| Median Home Value | $161,607 |
| Average Home Value | $223,812 |
Housing Distribution
Address Breakdown
Residential
2,515
Single Family
2,515
Multi-Family
0
Businesses
215
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Listed by: Lisa Cordle • C&C Realty (Cordle & Company)
Mls Name: SWVAR
Mls ID: #103409