203 Ramblewood RdChilhowieVA24319
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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 Chilhowie at 203 Ramblewood Rd, Chilhowie, VA, 24319 listed at $203,500 pairs $2,005/mo rent with a $996/mo payment to leave $789/mo cash flow. Total monthly income runs $2,005/mo, and annual cash flow reaches $9,462/yr on $67,460 cash to close. Return on cash invested measures 33.94% in year one, and rental yield registers 11.82% at a $203,500 basis. Equity gained on principal adds $1,313/yr, and annual property appreciation at 5% supports $56,223 by year five. Five-year ROI tracks 177.82% and total cumulative return in cash totals $119,955. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,005/mo property income relative to a $996/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24319, Chilhowie, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,287 (100%) |
| Owner Occupied HU | 2,145 (65.3%) |
| Renter Occupied HU | 694 (21.1%) |
| Vacant Housing Units | 448 (13.6%) |
| Median Home Value | $172,189 |
| Average Home Value | $204,587 |
Housing Distribution
Address Breakdown
Residential
2,644
Single Family
2,644
Multi-Family
0
Businesses
154
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Listed by: Terri Morphew Blevins • Deer Valley Realty Inc
Mls Name: SWVAR
Mls Provider:
Mls ID: #100060
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.