247 High Point RdMonetaVA24121
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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 Moneta at 247 High Point Rd, Moneta, VA, 24121 uses $86,024 cash to close to unlock $7,730/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $2,202/mo, and a $1,270/mo payment keeps the spread at $644/mo. Purchase price stands at $259,500, and rental yield measures 10.18% with $2,202/mo rent. Return on cash invested shows 28.9% in year one, and 5% annual appreciation builds toward $71,695 over five years. Five-year ROI reaches 150.83% and total cumulative return in cash records $129,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,202/mo property income covering a $1,270/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
0.83 Acres lot
$N/A/sqft
$80 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24121, Moneta, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,805 (100%) |
| Owner Occupied HU | 4,423 (56.7%) |
| Renter Occupied HU | 643 ( 8.2%) |
| Vacant Housing Units | 2,739 (35.1%) |
| Median Home Value | $493,149 |
| Average Home Value | $589,306 |
Housing Distribution
Address Breakdown
Residential
6,195
Single Family
6,011
Multi-Family
184
Businesses
414
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Listed by: Lisa M Martin • WAINWRIGHT & CO., REALTORS(r)- LAKE
Mls Name: RVAR
Mls Provider:
Mls ID: #916326
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