1604 Avondale DrAltavistaVA24517
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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 Altavista at 1604 Avondale Dr, Altavista, VA, 24517 uses $104,423 cash to close to unlock $7,545/yr annual cash flow and $629/mo monthly cash flow. Total monthly income runs $2,512/mo, and a $1,542/mo payment keeps the spread at $629/mo. Purchase price stands at $315,000, and rental yield measures 9.57% with $2,512/mo rent. Return on cash invested shows 27.13% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 141.32% and total cumulative return in cash records $147,569. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,512/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24517, Altavista, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,517 (100%) |
| Owner Occupied HU | 1,539 (61.1%) |
| Renter Occupied HU | 719 (28.6%) |
| Vacant Housing Units | 259 (10.3%) |
| Median Home Value | $136,399 |
| Average Home Value | $216,556 |
Housing Distribution
Address Breakdown
Residential
2,485
Single Family
2,472
Multi-Family
13
Businesses
338
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