24290 Flax RdAbingdonVA24211
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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 Abingdon at 24290 Flax Rd, Abingdon, VA, 24211 listed at $489,500 pairs $2,324/mo rent with a $2,396/mo payment. Total monthly income runs $2,324/mo. Return on cash invested measures 15.45% in year one, and rental yield registers 5.7% at a $489,500 basis. Equity gained on principal adds $3,159/yr, and annual property appreciation at 5% supports $135,240 by year five. Five-year ROI tracks 78.68% and total cumulative return in cash totals $127,679. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,324/mo property income relative to a $2,396/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2011
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24211, Abingdon, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,916 (100%) |
| Owner Occupied HU | 3,689 (75.0%) |
| Renter Occupied HU | 683 (13.9%) |
| Vacant Housing Units | 544 (11.1%) |
| Median Home Value | $353,032 |
| Average Home Value | $429,931 |
Housing Distribution
Address Breakdown
Residential
4,638
Single Family
4,624
Multi-Family
14
Businesses
176
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