2500 Elk Creek PkwyIndependenceVA24348
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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 Independence at 2500 Elk Creek Pkwy, Independence, VA, 24348 offers a 10.91% rental yield on a $165,000 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $808/mo payment leaves $513/mo available for distribution. Annual cash flow reaches $6,159/yr on $54,698 to close, and return on cash invested stands at 31.17% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 163% and total cumulative return in cash at $89,159. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24348, Independence, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,226 (100%) |
| Owner Occupied HU | 1,235 (55.5%) |
| Renter Occupied HU | 393 (17.7%) |
| Vacant Housing Units | 598 (26.9%) |
| Median Home Value | $164,875 |
| Average Home Value | $254,006 |
Housing Distribution
Address Breakdown
Residential
1,807
Single Family
1,807
Multi-Family
0
Businesses
154
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Listed by: Mark Hawks • Kyle Realty, Inc.
Mls Name: SWVAR
Mls Provider:
Mls ID: #100607
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.