229 Louise LnEllistonVA24087
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elliston at 229 Louise Ln, Elliston, VA, 24087 uses $93,649 cash to close to unlock $6,993/yr annual cash flow and $583/mo monthly cash flow. Total monthly income runs $2,359/mo, and a $1,383/mo payment keeps the spread at $583/mo. Purchase price stands at $282,500, and rental yield measures 10.02% with $2,359/mo rent. Return on cash invested shows 27.38% in year one, and 5% annual appreciation builds toward $78,050 over five years. Five-year ROI reaches 143.02% and total cumulative return in cash records $133,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,359/mo property income covering a $1,383/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
3,049 sqft lot
$N/A/sqft
$1,047 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24087, Elliston, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,709 (100%) |
| Owner Occupied HU | 1,251 (73.2%) |
| Renter Occupied HU | 281 (16.4%) |
| Vacant Housing Units | 177 (10.4%) |
| Median Home Value | $249,752 |
| Average Home Value | $327,828 |
Housing Distribution
Address Breakdown
Residential
1,496
Single Family
1,496
Multi-Family
0
Businesses
63
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ANITA PRENDEZ • EXP REALTY LLC - STAFFORD
Mls Name: RVAR
Mls Provider:
Mls ID: #921705
Disclaimer: Although the Multiple Listing Service of The Roanoke Valley is the source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. All information is deemed reliable but not guaranteed, and should be independently verified.