248 Terrace LnGalaxVA24333
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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 248 Terrace Ln, Galax, VA, 24333 uses $99,450 cash to close to unlock $8,052/yr annual cash flow and $671/mo monthly cash flow. Total monthly income runs $2,464/mo, and a $1,468/mo payment keeps the spread at $671/mo. Purchase price stands at $300,000, and rental yield measures 9.86% with $2,464/mo rent. Return on cash invested shows 28.01% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 145.95% and total cumulative return in cash records $145,152. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,464/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1943
0.95 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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