244 Cedar PointGalaxVA24333
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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 Galax at 244 Cedar Point, Galax, VA, 24333 offers a 10.26% rental yield on a $334,900 purchase with $2,862/mo rent. Total monthly income registers $2,862/mo, and a $1,639/mo payment leaves $860/mo available for distribution. Annual cash flow reaches $10,322/yr on $111,019 to close, and return on cash invested stands at 29.21% in year one. Equity gained on principal adds $2,161/yr while 5% annual appreciation supports $92,527 over five years. Portfolio math shows five-year ROI at 152.45% and total cumulative return in cash at $169,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,862/mo property income against a $1,639/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
2.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24333, Galax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,838 (100%) |
| Owner Occupied HU | 5,415 (61.3%) |
| Renter Occupied HU | 1,976 (22.4%) |
| Vacant Housing Units | 1,447 (16.4%) |
| Median Home Value | $157,744 |
| Average Home Value | $201,998 |
Housing Distribution
Address Breakdown
Residential
8,041
Single Family
7,799
Multi-Family
242
Businesses
670
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Listed by: Mark Hawks • Kyle Realty, Inc.
Mls Name: SWVAR
Mls Provider:
Mls ID: #99258
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.