2057 Coon Ridge RdHillsvilleVA24343
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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 Hillsville at 2057 Coon Ridge Rd, Hillsville, VA, 24343 uses $92,787 cash to close to unlock $9,465/yr annual cash flow and $789/mo monthly cash flow. Total monthly income runs $2,462/mo, and a $1,370/mo payment keeps the spread at $789/mo. Purchase price stands at $279,900, and rental yield measures 10.56% with $2,462/mo rent. Return on cash invested shows 30.11% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 157.27% and total cumulative return in cash records $145,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,462/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Manufactured
Built in 2015
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24343, Hillsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,026 (100%) |
| Owner Occupied HU | 2,945 (58.6%) |
| Renter Occupied HU | 978 (19.5%) |
| Vacant Housing Units | 1,103 (21.9%) |
| Median Home Value | $159,099 |
| Average Home Value | $200,289 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,786
Multi-Family
96
Businesses
370
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Listed by: Blake Goad • Primm Real Estate Firm, LLC
Mls Name: SWVAR
Mls ID: #103512