2231 Hardy RdVintonVA24179
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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 Vinton at 2231 Hardy Rd, Vinton, VA, 24179 generates $2,471/mo in rent and, after a $1,561/mo payment, leaves $564/mo in cash flow. Total monthly income is $2,471/mo, and annual cash flow is $6,773/yr on $105,749 invested. Return on cash invested sits at 26.31% in year one, and rental yield is 9.3% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 136.93% and total cumulative return in cash sums $144,805. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,471/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24179, Vinton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,720 (100%) |
| Owner Occupied HU | 6,111 (70.1%) |
| Renter Occupied HU | 2,125 (24.4%) |
| Vacant Housing Units | 484 ( 5.6%) |
| Median Home Value | $272,333 |
| Average Home Value | $313,882 |
Housing Distribution
Address Breakdown
Residential
8,576
Single Family
7,983
Multi-Family
593
Businesses
608
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