2138 Back Creek RdGoreVA22637
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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 Gore at 2138 Back Creek Rd, Gore, VA, 22637 uses $61,991 cash to close to unlock $4,613/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $1,502/mo, and a $915/mo payment keeps the spread at $384/mo. Purchase price stands at $187,000, and rental yield measures 9.64% with $1,502/mo rent. Return on cash invested shows 27.35% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 142.52% and total cumulative return in cash records $88,350. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,502/mo property income covering a $915/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22637, Gore, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 976 (100%) |
| Owner Occupied HU | 776 (79.5%) |
| Renter Occupied HU | 118 (12.1%) |
| Vacant Housing Units | 82 ( 8.4%) |
| Median Home Value | $449,107 |
| Average Home Value | $456,285 |
Housing Distribution
Address Breakdown
Residential
866
Single Family
866
Multi-Family
0
Businesses
44
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