2294 High Peak Rd, Monroe, VA, 24574 | 4.72% Rental Yield

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2294 High Peak Rd, Monroe, VA, 24574 | 4.72% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Monroe at 2294 High Peak Rd, Monroe, VA, 24574 offers a 4.72% rental yield on a $375,000 purchase with $1,476/mo rent. 52% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 62.95% and total cumulative return in cash at $78,255. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,476/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1977

2.80 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Brick Ranch with Mountain Views in Amherst County! Nestled in the scenic High Peak Road area, this well-maintained, one-owner brick ranch offers the perfect blend of comfort and natural beauty on 2.804 acres. Enjoy spectacular mountain views from the front porch and bay window. The home features 3 bedrooms, 1.5 baths, an office space, and beautiful hardwood floors. The finished great room in the basement provides additional living space, while a separate patio off the basement offers a peaceful outdoor retreat. Additional features include whole house generator, main-level laundry, a detached carport, detached garage, and storage shed. Home is being sold As Is. Schedule your private tour today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 24574, Monroe, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,839 (100%)
Owner Occupied HU	1,312 (71.3%)
Renter Occupied HU	244 (13.3%)
Vacant Housing Units	283 (15.4%)
Median Home Value	$269,952
Average Home Value	$290,543