2056 Chestnut AveBuena VistaVA24416
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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
Rental property for sale in Buena Vista at 2056 Chestnut Ave, Buena Vista, VA, 24416 priced at $289,000 converts $2,870/mo rent into $1,142/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,870/mo, and annual cash flow totals $13,703/yr on $95,804 invested. Return on cash invested prints 34.21% in year one, and rental yield reads 11.92% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 179.24% and total cumulative return in cash sums $171,722. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,870/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24416, Buena Vista, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,009 (100%) |
| Owner Occupied HU | 2,407 (60.0%) |
| Renter Occupied HU | 1,117 (27.9%) |
| Vacant Housing Units | 485 (12.1%) |
| Median Home Value | $203,571 |
| Average Home Value | $276,812 |
Housing Distribution
Address Breakdown
Residential
3,723
Single Family
3,524
Multi-Family
199
Businesses
259
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Listed by: Barbara Wilhelm • Wilhelm & Company Real Estate
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138441
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers 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 Deemed Reliable But Not Guaranteed. Copyright 2024 Rockbridge Highland Realtors. All rights reserved.