2268 Reedsville Rd NWFloydVA24091
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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 Floyd at 2268 Reedsville Rd NW, Floyd, VA, 24091 earns $239/mo cash flow from $986/mo rent with a $612/mo payment. Total monthly income totals $986/mo, and annual cash flow totals $2,863/yr on $41,438 capital. ROI tracks 26.82% on current figures, and rental yield reads 9.47% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 139.65% and total cumulative return in cash sums $57,869. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $986/mo property income instead of your personal income.
Manufactured
Built in 1983
3.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24091, Floyd, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,796 (100%) |
| Owner Occupied HU | 2,507 (66.0%) |
| Renter Occupied HU | 760 (20.0%) |
| Vacant Housing Units | 529 (13.9%) |
| Median Home Value | $280,014 |
| Average Home Value | $309,658 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,379
Multi-Family
0
Businesses
421
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Listed by: Amanda Sowers • Thomas & Wall Real Estate LLC
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424431
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.