1567 Runnett Bag RdFerrumVA24088
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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 Ferrum at 1567 Runnett Bag Rd, Ferrum, VA, 24088 earns $405/mo cash flow from $1,510/mo rent with a $905/mo payment. Total monthly income totals $1,510/mo, and annual cash flow totals $4,855/yr on $61,328 capital. ROI tracks 27.83% on current figures, and rental yield reads 9.79% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 145.05% and total cumulative return in cash sums $88,959. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,510/mo property income instead of your personal income.
Single Family
Built in 1989
1.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24088, Ferrum, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,023 (100%) |
| Owner Occupied HU | 1,386 (68.5%) |
| Renter Occupied HU | 308 (15.2%) |
| Vacant Housing Units | 329 (16.3%) |
| Median Home Value | $204,149 |
| Average Home Value | $265,548 |
Housing Distribution
Address Breakdown
Residential
1,735
Single Family
1,735
Multi-Family
0
Businesses
62
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Listed by: Todd Maxey • KELLER WILLIAMS REALTY ROANOKE
Mls Name: RVAR
Mls Provider:
Mls ID: #916899
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