1614 Melinda Dr, Altavista, VA, 24517 | $984/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1560 sft

1035 Falling Creek Rd, Bedford, VA, 24523

3 Bed
2 Bath
1886 sft

600 Barrington Way, Lynchburg, VA, 24502

3 Bed
3 Bath
1654 sft

64 Allwell Rd, Lynchburg, VA, 24502

2 Bed
3 Bath
1490 sft

78 Zentry Pl, Lynchburg, VA, 24502

Nearby investment properties with comparable prices

3 Bed
2 Bath
1620 sft

898 Burks Hill Rd, Bedford, VA, 24523

2 Bed
3 Bath
1280 sft

1031 Middle View Dr, Forest, VA, 24551

4 Bed
3 Bath
3980 sft

1102 Bedford Ave, Altavista, VA, 24517

2 Bed
2 Bath
1290 sft

809 Westview Dr #5, Lynchburg, VA, 24502

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Altavista at 1614 Melinda Dr, Altavista, VA, 24517 earns $984/mo cash flow from $2,478/mo rent with a $1,223/mo payment. Total monthly income totals $2,478/mo, and annual cash flow totals $11,811/yr on $82,842 capital. ROI tracks 34.17% on current figures, and rental yield reads 11.9% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 179.06% and total cumulative return in cash sums $148,334. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,478/mo property income instead of your personal income.

Single Family

Built in 1965

0.46 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