252 Highland StGate CityVA24251
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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
Rental property for sale in Gate City at 252 Highland St, Gate City, VA, 24251 offers $1,954/mo rent that, after a $1,077/mo payment, leaves $639/mo cash flow. Total monthly income is $1,954/mo, and annual cash flow is $7,664/yr on $72,930 cash. Return on cash invested measures 30.42% in year one, and rental yield stands at 10.66% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 158.91% and total cumulative return in cash reaches $115,895. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,954/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1991
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24251, Gate City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 2,921 (63.6%) |
| Renter Occupied HU | 847 (18.4%) |
| Vacant Housing Units | 825 (18.0%) |
| Median Home Value | $163,384 |
| Average Home Value | $224,870 |
Housing Distribution
Address Breakdown
Residential
4,126
Single Family
4,058
Multi-Family
68
Businesses
284
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Listed by: Joshua Coon • Park Hill Realty Group, LLC
Mls Name: TVRMLS
Mls ID: #9984122
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