2004 Derby RdAppalachiaVA24216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Appalachia at 2004 Derby Rd, Appalachia, VA, 24216 generates $1,001/mo in rent and, after a $636/mo payment, leaves $224/mo in cash flow. Total monthly income is $1,001/mo, and annual cash flow is $2,691/yr on $43,062 invested. Return on cash invested sits at 26.16% in year one, and rental yield is 9.25% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 136.17% and total cumulative return in cash sums $58,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,001/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24216, Appalachia, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 728 (59.7%) |
| Renter Occupied HU | 308 (25.3%) |
| Vacant Housing Units | 183 (15.0%) |
| Median Home Value | $66,765 |
| Average Home Value | $171,978 |
Housing Distribution
Address Breakdown
Residential
1,012
Single Family
976
Multi-Family
36
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Childress • Appalachian Realty Executives, LLC
Mls Name: TVRMLS
Mls ID: #9984091