1994 E Carters Valley RdGate 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 1994 E Carters Valley Rd, Gate City, VA, 24251 priced at $210,000 pairs $1,672/mo rent with $417/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,672/mo, and annual cash flow comes to $4,998/yr on $69,615 invested. Return on cash invested is 27.09% in year one, and rental yield stands at 9.55% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 141.11% and total cumulative return in cash reaches $98,236. For financing, Ziffy Mortgage’s DSCR program evaluates $1,672/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.70 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: Carla Beverly • Conservus Homes
Mls Name: TVRMLS
Mls ID: #9977345
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