203 Scenic LnRich CreekVA24147
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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 Rich Creek at 203 Scenic Ln, Rich Creek, VA, 24147 at $158,000 posts ROI 26.09% with $270/mo cash flow from $1,214/mo rent. Total monthly income equals $1,214/mo, and annual cash flow records $3,238/yr on $52,377 to close. Return on cash invested measures 26.09% and rental yield reads 9.22% at the current $158,000. Equity gained on principal adds $1,020/yr, and 5% annual appreciation supports $43,652 by year five. Five-year ROI prints 135.7% and total cumulative return in cash totals $71,074.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,214/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24147, Rich Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 411 (100%) |
| Owner Occupied HU | 228 (55.5%) |
| Renter Occupied HU | 123 (29.9%) |
| Vacant Housing Units | 60 (14.6%) |
| Median Home Value | $141,250 |
| Average Home Value | $162,500 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
236
Multi-Family
42
Businesses
49
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Listed by: Carol Lavinder, Broker • LAVINDER REAL ESTATE INC
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #55154
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.