2695 Floyd Hwy SFloydVA24091
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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 Floyd at 2695 Floyd Hwy S, Floyd, VA, 24091 generates $1,058/mo in rent and, after a $683/mo payment, leaves $224/mo in cash flow. Total monthly income is $1,058/mo, and annual cash flow is $2,686/yr on $46,244 invested. Return on cash invested sits at 25.72% in year one, and rental yield is 9.1% on a $139,500 entry. Equity gained on principal adds $900/yr, while 5% annual appreciation builds toward $38,541 over five years. Five-year ROI reaches 133.71% and total cumulative return in cash sums $61,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,058/mo property income rather than buyer’s personal income.
Manufactured
Built in 1998
3.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24091, Floyd, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,796 (100%) |
| Owner Occupied HU | 2,507 (66.0%) |
| Renter Occupied HU | 760 (20.0%) |
| Vacant Housing Units | 529 (13.9%) |
| Median Home Value | $280,014 |
| Average Home Value | $309,658 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,379
Multi-Family
0
Businesses
421
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Listed by: Levi Steven Cox • U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD
Mls Name: RVAR
Mls Provider:
Mls ID: #917754
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