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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Covington at 2030 S Stewart Ave, Covington, VA, 24426 with 5% annual appreciation on a $127,500 basis while $1,088/mo rent supports operations. Total monthly income totals $1,088/mo and a $624/mo payment preserves $326/mo for cash returns. Annual cash flow comes to $3,910/yr on $42,266 deployed, and return on cash invested reaches 29.16% in year one. Equity gained on principal adds $823/yr, and five-year appreciation sums $35,226 alongside rental yield of 10.24%. Five-year ROI measures 152.17% and total cumulative return in cash totals $64,318.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,088/mo property income versus a $624/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,226 (100%) |
| Owner Occupied HU | 4,749 (65.7%) |
| Renter Occupied HU | 1,407 (19.5%) |
| Vacant Housing Units | 1,070 (14.8%) |
| Median Home Value | $121,270 |
| Average Home Value | $161,865 |
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $127,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-18 | N/A | N/A | $43,200 | -3.79% |
| 2022-04-18 | N/A | N/A | $44,900 | N/A |
| 2021-04-18 | N/A | N/A | $44,900 | N/A |
Listed by: Dominika Williams • HIGHLANDS REALTY & ASSOCIATES LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #916323
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