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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Locust Dale at 2150 Meander Run Rd, Locust Dale, VA, 22948 listed at $339,000 pairs $2,842/mo rent with a $1,659/mo payment to leave $816/mo cash flow. Total monthly income runs $2,842/mo, and annual cash flow reaches $9,789/yr on $112,379 cash to close. Return on cash invested measures 28.62% in year one, and rental yield registers 10.06% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 149.26% and total cumulative return in cash totals $167,740. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,842/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22948, Locust Dale, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 152 (100%) |
| Owner Occupied HU | 101 (66.4%) |
| Renter Occupied HU | 34 (22.4%) |
| Vacant Housing Units | 17 (11.2%) |
| Median Home Value | $497,727 |
| Average Home Value | $562,228 |
Residential
94
Single Family
94
Multi-Family
0
Businesses
3
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Listed for sale | $339,000 |
| 2019-08-02 | Sold | $242,000 |
| 2019-07-04 | Pending sale | $247,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-16 | $1107.78 | N/A | $149,700 | N/A |
| 2022-04-16 | $1107.78 | 4.23% | $149,700 | N/A |
| 2021-04-16 | $1062.87 | N/A | $149,700 | N/A |
Listed by: Maria Fay • RE/MAX Gateway
Mls Name: Bright MLS
Mls Provider:
Mls ID: #VAMA2002172
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc. [Click here for more information](/mls-disclaimers/#5632)
