








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Fort Defiance at 254 Chetola Trl, Fort Defiance, VA, 24437 generates $3,412/mo in rent and, after a $2,442/mo payment, leaves $404/mo in cash flow. Total monthly income is $3,412/mo, and annual cash flow is $4,853/yr on $165,419 invested. Return on cash invested sits at 22.84% in year one, and rental yield is 8.21% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 118.37% and total cumulative return in cash sums $195,798. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,412/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
5 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood data shown for ZIP Code: 24437, Fort Defiance, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 366 (100%) |
| Owner Occupied HU | 298 (81.4%) |
| Renter Occupied HU | 37 (10.1%) |
| Vacant Housing Units | 31 ( 8.5%) |
| Median Home Value | $345,133 |
| Average Home Value | $365,285 |
Residential
374
Single Family
374
Multi-Family
0
Businesses
10
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Listed for sale | $499,000 |
| 2016-12-07 | Sold | $282,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | $1677.06 | N/A | $266,200 | N/A |
| 2022-11-13 | $1677.06 | N/A | $266,200 | N/A |
| 2021-11-13 | $1677.06 | N/A | $266,200 | N/A |



Listed by: Terry Houff • Kline May Realty
Mls Name: HRAR
Mls ID: #657499
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.