2706 Winterberry AveCovingtonVA24426
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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 Covington at 2706 Winterberry Ave, Covington, VA, 24426 with 5% annual appreciation on a $245,000 basis while $1,801/mo rent supports operations. Total monthly income totals $1,801/mo and a $1,199/mo payment preserves $337/mo for cash returns. Annual cash flow comes to $4,039/yr on $81,218 deployed, and return on cash invested reaches 24.88% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 8.82%. Five-year ROI measures 129.25% and total cumulative return in cash totals $104,976.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,801/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,226 (100%) |
| Owner Occupied HU | 4,749 (65.7%) |
| Renter Occupied HU | 1,407 (19.5%) |
| Vacant Housing Units | 1,070 (14.8%) |
| Median Home Value | $121,270 |
| Average Home Value | $161,865 |
Housing Distribution
Address Breakdown
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
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Listed by: Katherine Lytle • Lytle Realty LLC
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138908
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