240 Giles AveRich CreekVA24147
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rich Creek at 240 Giles Ave, Rich Creek, VA, 24147 offers $2,516/mo rent that, after a $1,544/mo payment, leaves $630/mo cash flow. Total monthly income is $2,516/mo, and annual cash flow is $7,563/yr on $104,588 cash. Return on cash invested measures 27.14% in year one, and rental yield stands at 9.57% at a $315,500 entry. Equity gained on principal adds $2,036/yr while 5% annual appreciation compounds into $87,167 by year five. Five-year ROI records 141.37% and total cumulative return in cash reaches $147,858. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,516/mo property income versus a $1,544/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24147, Rich Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 411 (100%) |
| Owner Occupied HU | 228 (55.5%) |
| Renter Occupied HU | 123 (29.9%) |
| Vacant Housing Units | 60 (14.6%) |
| Median Home Value | $141,250 |
| Average Home Value | $162,500 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
236
Multi-Family
42
Businesses
49
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Listed by: Jessica Johnson • Oak and Stone Realty LLC
Mls Name: New River Valley AOR
Mls ID: #424727