172 Copperwood LnIndependenceVA24348
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Independence at 172 Copperwood Ln, Independence, VA, 24348 with 5% annual appreciation on a $129,900 basis while $1,224/mo rent supports operations. Total monthly income totals $1,224/mo and a $636/mo payment preserves $447/mo for cash returns. Annual cash flow comes to $5,367/yr on $43,062 deployed, and return on cash invested reaches 32.37% in year one. Equity gained on principal adds $838/yr, and five-year appreciation sums $35,889 alongside rental yield of 11.31%. Five-year ROI measures 169.5% and total cumulative return in cash totals $72,991.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,224/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1992
7.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24348, Independence, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,235 (55.5%) |
| Renter Occupied HU | 393 (17.7%) |
| Vacant Housing Units | 598 (26.9%) |
| Median Home Value | $164,875 |
| Average Home Value | $254,006 |
Housing Distribution
Address Breakdown
Residential
1,807
Single Family
1,807
Multi-Family
0
Businesses
154
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Treva Waller • Wythe County Real Estate
Mls Name: SWVAR
Mls Provider:
Mls ID: #99325
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.