174 Stirrup DrGate CityVA24251
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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 Gate City at 174 Stirrup Dr, Gate City, VA, 24251 priced at $128,000 converts $1,024/mo rent into $259/mo cash flow after a $627/mo obligation. Total monthly income equals $1,024/mo, and annual cash flow totals $3,112/yr on $42,432 invested. Return on cash invested prints 27.24% in year one, and rental yield reads 9.6% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. Five-year ROI reaches 141.97% and total cumulative return in cash sums $60,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,024/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24251, Gate City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 2,921 (63.6%) |
| Renter Occupied HU | 847 (18.4%) |
| Vacant Housing Units | 825 (18.0%) |
| Median Home Value | $163,384 |
| Average Home Value | $224,870 |
Housing Distribution
Address Breakdown
Residential
4,126
Single Family
4,058
Multi-Family
68
Businesses
284
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Listed by: Janice Meade • Premier Homes & Properties
Mls Name: TVRMLS
Mls ID: #9969060
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