223 Gun Smoke DrNickelsvilleVA24271
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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 Nickelsville at 223 Gun Smoke Dr, Nickelsville, VA, 24271 generates $1,970/mo in rent and, after a $1,444/mo payment, leaves $206/mo in cash flow. Total monthly income is $1,970/mo, and annual cash flow is $2,477/yr on $97,793 invested. Return on cash invested sits at 22.44% in year one, and rental yield is 8.01% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 116.17% and total cumulative return in cash sums $113,606. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,970/mo property income rather than buyer’s personal income.
Manufactured
Built in 1994
23.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24271, Nickelsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,440 (100%) |
| Owner Occupied HU | 881 (61.2%) |
| Renter Occupied HU | 201 (14.0%) |
| Vacant Housing Units | 358 (24.9%) |
| Median Home Value | $179,435 |
| Average Home Value | $241,776 |
Housing Distribution
Address Breakdown
Residential
1,080
Single Family
1,080
Multi-Family
0
Businesses
38
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Listed by: Janice Meade • Blue Ridge Properties
Mls Name: TVRMLS
Mls ID: #9988756