2364 Cedar Cliff RdHonakerVA24260
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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 Honaker at 2364 Cedar Cliff Rd, Honaker, VA, 24260 listed at $125,000 pairs $1,288/mo rent with a $612/mo payment to leave $541/mo cash flow. Total monthly income runs $1,288/mo, and annual cash flow reaches $6,487/yr on $41,438 cash to close. Return on cash invested measures 35.56% in year one, and rental yield registers 12.36% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 186.57% and total cumulative return in cash totals $77,309. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,288/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2006
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24260, Honaker, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,523 (100%) |
| Owner Occupied HU | 1,743 (69.1%) |
| Renter Occupied HU | 435 (17.2%) |
| Vacant Housing Units | 345 (13.7%) |
| Median Home Value | $113,104 |
| Average Home Value | $153,914 |
Housing Distribution
Address Breakdown
Residential
1,887
Single Family
1,887
Multi-Family
0
Businesses
91
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Listed by: Geneva Mcclanahan • Richlands Realty
Mls Name: SWVAR
Mls Provider:
Mls ID: #100233
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.