259 Brooks Point Ln, Union Hall, VA, 24176 | 4.44% Rental Yield

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259 Brooks Point Ln, Union Hall, VA, 24176 | 4.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Union Hall at 259 Brooks Point Ln, Union Hall, VA, 24176 priced at $749,000 converts $2,773/mo rent into after a $3,666/mo obligation. Total monthly income equals $2,773/mo. Return on cash invested prints 11.76% in year one, and rental yield reads 4.44% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 58.83% and total cumulative return in cash sums $144,976. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,773/mo property income covering a $3,666/mo payment, not borrower’s personal income.

Single Family

Built in 1990

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Just the right size house on Smith Mountain Lake. If one floor living is what you need, the entry level has an open floor plan with vaulted ceiling, spacious modern kitchen and dining area plus two bedrooms with new vinyl plank (use one for an office or craft room) a smartly updated full bath and a laundry closet with full size appliances. Lower level offers a family room, huge laundry and storage room, two bedrooms and an updated full bath. Interior has been painted, can lights with dimmers added throughout. Enjoy the lake and quiet location from the upper or lower decks that span the house. The detached two car garage has a lower level for workshop or storage. Double slip dock on a quiet deep cove minutes from Magnum Point Marina for year round dining, or gassing your watercraft.

Neighborhood Data

Neighborhood data shown for ZIP Code: 24176, Union Hall, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,291 (100%)
Owner Occupied HU	616 (47.7%)
Renter Occupied HU	86 ( 6.7%)
Vacant Housing Units	589 (45.6%)
Median Home Value	$645,833
Average Home Value	$696,855