2157 Highway 16MarionVA24354
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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 Marion at 2157 Highway 16, Marion, VA, 24354 generates $969/mo in rent and, after a $631/mo payment, leaves $198/mo in cash flow. Total monthly income is $969/mo, and annual cash flow is $2,379/yr on $42,764 invested. Return on cash invested sits at 25.47% in year one, and rental yield is 9.01% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 132.48% and total cumulative return in cash sums $56,653. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $969/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24354, Marion, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,033 (100%) |
| Owner Occupied HU | 4,077 (58.0%) |
| Renter Occupied HU | 2,035 (28.9%) |
| Vacant Housing Units | 921 (13.1%) |
| Median Home Value | $151,039 |
| Average Home Value | $186,291 |
Housing Distribution
Address Breakdown
Residential
6,496
Single Family
6,439
Multi-Family
57
Businesses
576
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