16 Factory RdHonakerVA24260
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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 Honaker at 16 Factory Rd, Honaker, VA, 24260 generates $1,589/mo in rent and, after a $974/mo payment, leaves $399/mo in cash flow. Total monthly income is $1,589/mo, and annual cash flow is $4,793/yr on $65,969 invested. Return on cash invested sits at 27.17% in year one, and rental yield is 9.58% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 141.57% and total cumulative return in cash sums $93,390. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,589/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24260, Honaker, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,523 (100%) |
| Owner Occupied HU | 1,743 (69.1%) |
| Renter Occupied HU | 435 (17.2%) |
| Vacant Housing Units | 345 (13.7%) |
| Median Home Value | $113,104 |
| Average Home Value | $153,914 |
Housing Distribution
Address Breakdown
Residential
1,887
Single Family
1,887
Multi-Family
0
Businesses
91
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Listed by: Janette Miller • Uptown Properties LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #93350
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.