16020 Mendota RdAbingdonVA24210
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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 Abingdon at 16020 Mendota Rd, Abingdon, VA, 24210 listed at $883,000 pairs $2,237/mo rent with a $4,322/mo payment. Total monthly income runs $2,237/mo. Return on cash invested measures 7.5% in year one, and rental yield registers 3.04% at a $883,000 basis. Equity gained on principal adds $5,698/yr, and annual property appreciation at 5% supports $243,957 by year five. Five-year ROI tracks 35.97% and total cumulative return in cash totals $104,486. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,237/mo property income relative to a $4,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24210, Abingdon, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,169 (100%) |
| Owner Occupied HU | 4,887 (59.8%) |
| Renter Occupied HU | 2,455 (30.1%) |
| Vacant Housing Units | 827 (10.1%) |
| Median Home Value | $237,967 |
| Average Home Value | $350,121 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,698
Multi-Family
138
Businesses
853
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