218 Church StRich CreekVA24147
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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 Rich Creek at 218 Church St, Rich Creek, VA, 24147 generates $1,819/mo in rent and, after a $724/mo payment, leaves $935/mo in cash flow. Total monthly income is $1,819/mo, and annual cash flow is $11,216/yr on $49,062 invested. Return on cash invested sits at 42.77% in year one, and rental yield is 14.75% on a $148,000 entry. Equity gained on principal adds $955/yr, while 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 225.2% and total cumulative return in cash sums $110,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,819/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24147, Rich Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 411 (100%) |
| Owner Occupied HU | 228 (55.5%) |
| Renter Occupied HU | 123 (29.9%) |
| Vacant Housing Units | 60 (14.6%) |
| Median Home Value | $141,250 |
| Average Home Value | $162,500 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
236
Multi-Family
42
Businesses
49
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Listed by: Carol Lavinder • Lavinder Real Estate
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #422229
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.