232 Echo Ridge LnElk CreekVA24326
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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 Elk Creek at 232 Echo Ridge Ln, Elk Creek, VA, 24326 at $185,000 posts ROI 33.07% with $673/mo cash flow from $1,778/mo rent. Total monthly income equals $1,778/mo, and annual cash flow records $8,071/yr on $61,328 to close. Return on cash invested measures 33.07% and rental yield reads 11.53% at the current $185,000. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 by year five. Five-year ROI prints 173.15% and total cumulative return in cash totals $106,191.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,778/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
3.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24326, Elk Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 750 (100%) |
| Owner Occupied HU | 395 (52.7%) |
| Renter Occupied HU | 68 ( 9.1%) |
| Vacant Housing Units | 287 (38.3%) |
| Median Home Value | $166,964 |
| Average Home Value | $209,437 |
Housing Distribution
Address Breakdown
Residential
578
Single Family
578
Multi-Family
0
Businesses
22
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Listed by: Mitch Anders • United Country Anders Realty & Auction
Mls Name: SWVAR
Mls Provider:
Mls ID: #99715
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.