275 Praeter Hollow RdFalls MillsVA24613
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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 Falls Mills at 275 Praeter Hollow Rd, Falls Mills, VA, 24613 priced at $109,900 pairs $714/mo rent with $57/mo cash flow after a $538/mo payment. Total monthly income equals $714/mo, and annual cash flow comes to $683/yr on $36,432 invested. Return on cash invested is 21.78% in year one, and rental yield stands at 7.8% on a $109,900 basis. Equity gained on principal adds $709/yr, and 5% annual appreciation accumulates to $30,363 by year five. Five-year ROI measures 112.63% and total cumulative return in cash reaches $41,032. For financing, Ziffy Mortgage’s DSCR program evaluates $714/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24613, Falls Mills, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 407 (100%) |
| Owner Occupied HU | 232 (57.0%) |
| Renter Occupied HU | 114 (28.0%) |
| Vacant Housing Units | 61 (15.0%) |
| Median Home Value | $103,947 |
| Average Home Value | $198,524 |
Housing Distribution
Address Breakdown
Residential
306
Single Family
306
Multi-Family
0
Businesses
10
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Listed by: Alicia Webb • REMAX REFINED REALTY
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #55042
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.