2143 Salem Rd, Schuyler, VA, 22969 | $277/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2143 Salem Rd, Schuyler, VA, 22969 | $277/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Schuyler at 2143 Salem Rd, Schuyler, VA, 22969 uses $82,875 cash to close to unlock $3,326/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,772/mo, and a $1,224/mo payment keeps the spread at $277/mo. Purchase price stands at $250,000, and rental yield measures 8.51% with $1,772/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 124.13% and total cumulative return in cash records $102,874. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,772/mo property income covering a $1,224/mo payment rather than investor’s personal income.

Single Family

Built in 1912

1.04 Acres lot

$N/A/sqft

No HOA

More details about the property

This is a 1912, historic Alberene Soapstone company-built home for their bachelors to rest their heads after a long day. It is a 1,230 sqft, 3 bedrooms, 1 bath home on 2 acres with multiple out buildings that has been added onto over the years. The 2-car garage (24 x 21) was used to restore 2 Steaua Bagos over the years. In addition, there is a 14.5 x 10.5 motorcycleshop, 11.5 x 10.5 run in shed, 9 X 10.5 shed, and kennel. The Rockfish River is close enough to hear at night. Scottsville features nearby grocery, restaurants, brewery, and entertainment. Don't forget the nearby Nelson wineries, breweries, Wintergreen resort, The Quarry Gardens, Walton Mountain Museum, hiking, swimming, boating, and fishing. Take this home to its next level!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22969, Schuyler, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	650 (100%)
Owner Occupied HU	445 (68.5%)
Renter Occupied HU	91 (14.0%)
Vacant Housing Units	114 (17.5%)
Median Home Value	$348,958
Average Home Value	$509,820