2677 Vista RdIndependenceVA24348
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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 2677 Vista Rd, Independence, VA, 24348 uses $41,438 cash to close to unlock $2,551/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $960/mo, and a $612/mo payment keeps the spread at $213/mo. Purchase price stands at $125,000, and rental yield measures 9.22% with $960/mo rent. Return on cash invested shows 26.07% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 135.63% and total cumulative return in cash records $56,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $960/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1952
2 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: Sara Baker • Tri-County Real Estate
Mls Name: SWVAR
Mls Provider:
Mls ID: #99961
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.