219 Old Quarry RdSaltvilleVA24370
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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 Saltville at 219 Old Quarry Rd, Saltville, VA, 24370 generates $908/mo in rent and, after a $587/mo payment, leaves $191/mo in cash flow. Total monthly income is $908/mo, and annual cash flow is $2,293/yr on $39,747 invested. Return on cash invested sits at 25.68% in year one, and rental yield is 9.09% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 133.66% and total cumulative return in cash sums $53,124. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $908/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24370, Saltville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,973 (100%) |
| Owner Occupied HU | 1,930 (64.9%) |
| Renter Occupied HU | 487 (16.4%) |
| Vacant Housing Units | 556 (18.7%) |
| Median Home Value | $116,667 |
| Average Home Value | $157,013 |
Housing Distribution
Address Breakdown
Residential
2,486
Single Family
2,486
Multi-Family
0
Businesses
116
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Listed by: Brandon Brown • Southfork Realty LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #95692
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.