2474 Spruce AveBuena VistaVA24416
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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 Buena Vista at 2474 Spruce Ave, Buena Vista, VA, 24416 offers a 8.65% rental yield on a $259,000 purchase with $1,866/mo rent. Total monthly income registers $1,866/mo, and a $1,268/mo payment leaves $317/mo available for distribution. Annual cash flow reaches $3,809/yr on $85,859 to close, and return on cash invested stands at 24.35% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 126.38% and total cumulative return in cash at $108,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,866/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24416, Buena Vista, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,009 (100%) |
| Owner Occupied HU | 2,407 (60.0%) |
| Renter Occupied HU | 1,117 (27.9%) |
| Vacant Housing Units | 485 (12.1%) |
| Median Home Value | $203,571 |
| Average Home Value | $276,812 |
Housing Distribution
Address Breakdown
Residential
3,723
Single Family
3,524
Multi-Family
199
Businesses
259
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Listed by: Melissa C. Hennis • Howard Hanna R E Services
Mls Name: Rockbridge Highlands REALTORS
Mls ID: #139497