203 Fair StPounding MillVA24637
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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 Pounding Mill at 203 Fair St, Pounding Mill, VA, 24637 priced at $230,000 converts $1,878/mo rent into $503/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,878/mo, and annual cash flow totals $6,034/yr on $76,245 invested. Return on cash invested prints 27.82% in year one, and rental yield reads 9.8% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 145.01% and total cumulative return in cash sums $110,563. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,878/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24637, Pounding Mill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,557 (100%) |
| Owner Occupied HU | 1,215 (78.0%) |
| Renter Occupied HU | 217 (13.9%) |
| Vacant Housing Units | 125 ( 8.0%) |
| Median Home Value | $155,676 |
| Average Home Value | $180,856 |
Housing Distribution
Address Breakdown
Residential
1,193
Single Family
1,193
Multi-Family
0
Businesses
143
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Listed by: Christina Asbury • BHHS Four Seasons Select Prop- Richlands
Mls Name: SWVAR
Mls ID: #99810