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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 Covington at 220 E Trout St, Covington, VA, 24426 listed at $129,000 pairs $1,034/mo rent with a $631/mo payment to leave $263/mo cash flow. Total monthly income runs $1,034/mo, and annual cash flow reaches $3,159/yr on $42,764 cash to close. Return on cash invested measures 27.3% in year one, and rental yield registers 9.62% at a $129,000 basis. Equity gained on principal adds $832/yr, and annual property appreciation at 5% supports $35,640 by year five. Five-year ROI tracks 142.27% and total cumulative return in cash totals $60,841. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,034/mo property income relative to a $631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,226 (100%) |
| Owner Occupied HU | 4,749 (65.7%) |
| Renter Occupied HU | 1,407 (19.5%) |
| Vacant Housing Units | 1,070 (14.8%) |
| Median Home Value | $121,270 |
| Average Home Value | $161,865 |
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
Date | Event | Price |
|---|---|---|
| 2024-06-15 | Listed for sale | $129,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2021-10-18 | N/A | N/A | $60,200 | N/A |
| 2020-10-18 | N/A | N/A | $60,200 | 8.66% |
| 2018-10-18 | N/A | N/A | $55,400 | N/A |
Listed by: Sherri L Holland • HIGHLANDS REALTY & ASSOCIATES LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #908500
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