206 Penn Ave NWFloydVA24091
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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 Floyd at 206 Penn Ave NW, Floyd, VA, 24091 priced at $369,900 pairs $1,877/mo rent with after a $1,810/mo payment. Total monthly income equals $1,877/mo. Return on cash invested is 16.64% in year one, and rental yield stands at 6.09% on a $369,900 basis. Equity gained on principal adds $2,387/yr, and 5% annual appreciation accumulates to $102,197 by year five. Five-year ROI measures 85.08% and total cumulative return in cash reaches $104,326. For financing, Ziffy Mortgage’s DSCR program evaluates $1,877/mo property income against a $1,810/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2012
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24091, Floyd, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,796 (100%) |
| Owner Occupied HU | 2,507 (66.0%) |
| Renter Occupied HU | 760 (20.0%) |
| Vacant Housing Units | 529 (13.9%) |
| Median Home Value | $280,014 |
| Average Home Value | $309,658 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,379
Multi-Family
0
Businesses
421
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Listed by: Jocelyn Moore Coulston • THOMAS & WALL REAL ESTATE LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #912293
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