224 Waugh DrGalaxVA24333
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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
Investment property for sale in Galax at 224 Waugh Dr, Galax, VA, 24333 with 5% annual appreciation on a $215,300 basis while $2,026/mo rent supports operations. Total monthly income totals $2,026/mo and a $1,054/mo payment preserves $739/mo for cash returns. Annual cash flow comes to $8,865/yr on $71,372 deployed, and return on cash invested reaches 32.33% in year one. Equity gained on principal adds $1,389/yr, and five-year appreciation sums $59,483 alongside rental yield of 11.29%. Five-year ROI measures 169.17% and total cumulative return in cash totals $120,743.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,026/mo property income versus a $1,054/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24333, Galax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,838 (100%) |
| Owner Occupied HU | 5,415 (61.3%) |
| Renter Occupied HU | 1,976 (22.4%) |
| Vacant Housing Units | 1,447 (16.4%) |
| Median Home Value | $157,744 |
| Average Home Value | $201,998 |
Housing Distribution
Address Breakdown
Residential
8,041
Single Family
7,799
Multi-Family
242
Businesses
670
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