1938 Laurel Creek Rd NEPilotVA24138
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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 Pilot at 1938 Laurel Creek Rd NE, Pilot, VA, 24138 generates $2,600/mo in rent and, after a $1,958/mo payment, leaves $209/mo in cash flow. Total monthly income is $2,600/mo, and annual cash flow is $2,504/yr on $132,600 invested. Return on cash invested sits at 21.8% in year one, and rental yield is 7.8% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 112.7% and total cumulative return in cash sums $149,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24138, Pilot, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 839 (100%) |
| Owner Occupied HU | 665 (79.3%) |
| Renter Occupied HU | 116 (13.8%) |
| Vacant Housing Units | 58 ( 6.9%) |
| Median Home Value | $289,545 |
| Average Home Value | $306,853 |
Housing Distribution
Address Breakdown
Residential
629
Single Family
629
Multi-Family
0
Businesses
17
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Listed by: Austin DeVincent • Nest Realty SWVA
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424308
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.