179 Luke CtRustburgVA24588
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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 Rustburg at 179 Luke Ct, Rustburg, VA, 24588 priced at $304,900 pairs $2,034/mo rent with $212/mo cash flow after a $1,492/mo payment. Total monthly income equals $2,034/mo, and annual cash flow comes to $2,540/yr on $101,074 invested. Return on cash invested is 22.42% in year one, and rental yield stands at 8.01% on a $304,900 basis. Equity gained on principal adds $1,967/yr, and 5% annual appreciation accumulates to $84,238 by year five. Five-year ROI measures 116.04% and total cumulative return in cash reaches $117,290. For financing, Ziffy Mortgage’s DSCR program evaluates $2,034/mo property income against a $1,492/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in N/A
2,918 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24588, Rustburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,025 (100%) |
| Owner Occupied HU | 2,961 (73.6%) |
| Renter Occupied HU | 721 (17.9%) |
| Vacant Housing Units | 343 ( 8.5%) |
| Median Home Value | $254,650 |
| Average Home Value | $251,510 |
Housing Distribution
Address Breakdown
Residential
3,969
Single Family
3,969
Multi-Family
0
Businesses
252
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