2281 Cascade TrlFancy GapVA24328
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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 Fancy Gap at 2281 Cascade Trl, Fancy Gap, VA, 24328 priced at $389,000 converts $1,621/mo rent into after a $1,904/mo obligation. Total monthly income equals $1,621/mo. Return on cash invested prints 11.77% in year one, and rental yield reads 5% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 59.51% and total cumulative return in cash sums $76,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,621/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in 2005
1.10 Acres lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24328, Fancy Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 774 (44.9%) |
| Renter Occupied HU | 160 ( 9.3%) |
| Vacant Housing Units | 791 (45.9%) |
| Median Home Value | $166,296 |
| Average Home Value | $202,775 |
Housing Distribution
Address Breakdown
Residential
1,172
Single Family
1,172
Multi-Family
0
Businesses
64
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Listed by: Trena Nichols • Kyle Realty, Inc.
Mls Name: SWVAR
Mls Provider:
Mls ID: #97712
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.