158 Memorial DrCastlewoodVA24224
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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 Castlewood at 158 Memorial Dr, Castlewood, VA, 24224 offers a 9.4% rental yield on a $139,000 purchase with $1,089/mo rent. Total monthly income registers $1,089/mo, and a $680/mo payment leaves $258/mo available for distribution. Annual cash flow reaches $3,101/yr on $46,079 to close, and return on cash invested stands at 26.64% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 138.72% and total cumulative return in cash at $63,920. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,089/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.59 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
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Listed by: Amanda Woody • REMAX Results Bristol
Mls Name: TVRMLS
Mls ID: #9989407