240 Cove LnValentinesVA23887
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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 Valentines at 240 Cove Ln, Valentines, VA, 23887 with 5% annual appreciation on a $699,000 basis while $2,270/mo rent supports operations. 1% in year one. Equity gained on principal adds $4,511/yr, and five-year appreciation sums $193,121 alongside rental yield of 3.9%. Five-year ROI measures 49.94% and total cumulative return in cash totals $114,854. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,270/mo property income versus a $3,421/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23887, Valentines, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 398 (100%) |
| Owner Occupied HU | 161 (40.5%) |
| Renter Occupied HU | 15 ( 3.8%) |
| Vacant Housing Units | 222 (55.8%) |
| Median Home Value | $254,167 |
| Average Home Value | $345,140 |
Housing Distribution
Address Breakdown
Residential
288
Single Family
288
Multi-Family
0
Businesses
12
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Listed by: Crystal Dickens • The Pointe Realty Group (Littleton)
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139975
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.