179 Sipe LnIvanhoeVA24350
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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 Ivanhoe at 179 Sipe Ln, Ivanhoe, VA, 24350 offers $2,015/mo rent that, after a $1,101/mo payment, leaves $670/mo cash flow. Total monthly income is $2,015/mo, and annual cash flow is $8,043/yr on $74,588 cash. Return on cash invested measures 30.69% in year one, and rental yield stands at 10.75% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 160.45% and total cumulative return in cash reaches $119,673. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,015/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24350, Ivanhoe, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 386 (64.2%) |
| Renter Occupied HU | 76 (12.6%) |
| Vacant Housing Units | 139 (23.1%) |
| Median Home Value | $106,466 |
| Average Home Value | $139,773 |
Housing Distribution
Address Breakdown
Residential
582
Single Family
582
Multi-Family
0
Businesses
15
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Listed by: Deborah Crigger • Fathom Realty VA, LLC
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423790
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.