232 Mountain Cove Dr #C-6HardyVA24101
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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 Hardy at 232 Mountain Cove Dr #C-6, Hardy, VA, 24101 priced at $537,000 converts $3,120/mo rent into after a $2,628/mo obligation. Total monthly income equals $3,120/mo. Return on cash invested prints 15.96% in year one, and rental yield reads 6.97% against a $537,000 entry. Equity gained on principal adds $3,465/yr, while 5% annual appreciation compiles into $148,363 by year five. Five-year ROI reaches 82.63% and total cumulative return in cash sums $145,976. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,120/mo property income covering a $2,628/mo payment, not borrower’s personal income.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
$514 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24101, Hardy, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,103 (100%) |
| Owner Occupied HU | 2,436 (78.5%) |
| Renter Occupied HU | 265 ( 8.5%) |
| Vacant Housing Units | 402 (13.0%) |
| Median Home Value | $362,342 |
| Average Home Value | $426,026 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,900
Multi-Family
0
Businesses
250
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Listed by: Mattie Cassidy • MKB, REALTORS at the Lake
Mls Name: LMLS
Mls Provider:
Mls ID: #359009
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.