1977 Combs Ridge RdHonakerVA24260
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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
Investment property for sale in Honaker at 1977 Combs Ridge Rd, Honaker, VA, 24260 listed at $200,000 pairs $1,415/mo rent with a $979/mo payment to leave $219/mo cash flow. Total monthly income runs $1,415/mo, and annual cash flow reaches $2,632/yr on $66,300 cash to close. Return on cash invested measures 23.88% in year one, and rental yield registers 8.49% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 123.92% and total cumulative return in cash totals $82,160. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,415/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24260, Honaker, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,523 (100%) |
| Owner Occupied HU | 1,743 (69.1%) |
| Renter Occupied HU | 435 (17.2%) |
| Vacant Housing Units | 345 (13.7%) |
| Median Home Value | $113,104 |
| Average Home Value | $153,914 |
Housing Distribution
Address Breakdown
Residential
1,887
Single Family
1,887
Multi-Family
0
Businesses
91
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