240 Birmingham RdCedar BluffVA24609
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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 Cedar Bluff at 240 Birmingham Rd, Cedar Bluff, VA, 24609 offers a 9.9% rental yield on a $160,000 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $783/mo payment leaves $364/mo available for distribution. Annual cash flow reaches $4,364/yr on $53,040 to close, and return on cash invested stands at 28.14% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 146.72% and total cumulative return in cash at $77,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24609, Cedar Bluff, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,117 (100%) |
| Owner Occupied HU | 2,222 (71.3%) |
| Renter Occupied HU | 485 (15.6%) |
| Vacant Housing Units | 410 (13.2%) |
| Median Home Value | $161,607 |
| Average Home Value | $223,812 |
Housing Distribution
Address Breakdown
Residential
2,515
Single Family
2,515
Multi-Family
0
Businesses
215
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Listed by: Samantha Wright • Fathom Realty VA LLC
Mls Name: SWVAR
Mls ID: #103256