228 Midway St, Saltville, VA, 24370 | 6.26% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1856 sft

619 Valley Loop Rd, Tazewell, VA, 24651

2 Bed
2 Bath
1294 sft

325 Virginia Ave, Richlands, VA, 24641

3 Bed
1 Bath
1203 sft

117 Poplar Ave, Chilhowie, VA, 24319

3 Bed
1 Bath
932 sft

1626 Cleghorn Valley Rd, Marion, VA, 24354

Nearby investment properties with comparable prices

3 Bed
2 Bath
2424 sft

280 Jackson St, Raven, VA, 24639

$ 196,900

ROI

Cash Flow/m

2 Bed
2 Bath
942 sft

212 Cotton St, Damascus, VA, 24236

3 Bed
2 Bath
1311 sft

149 Rolling Hills Dr, Marion, VA, 24354

3 Bed
2 Bath
2197 sft

17614 Us Highway 19, Rosedale, VA, 24280

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $1,200/mo, and a $1,125/mo payment. Purchase price stands at $229,900, and rental yield measures 6.26% with $1,200/mo rent. Return on cash invested shows 17.17% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 87.84% and total cumulative return in cash records $66,947. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $1,125/mo payment rather than investor’s personal income.

Manufactured

Built in 2006

1.18 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 24370, Saltville, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,973 (100%)
Owner Occupied HU	1,930 (64.9%)
Renter Occupied HU	487 (16.4%)
Vacant Housing Units	556 (18.7%)
Median Home Value	$116,667
Average Home Value	$157,013