28062 Lee HwyAbingdonVA24211
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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 Abingdon at 28062 Lee Hwy, Abingdon, VA, 24211 generates $2,114/mo in rent, after a $1,958/mo payment. Total monthly income is $2,114/mo. Return on cash invested sits at 17.4% in year one, and rental yield is 6.34% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 89.12% and total cumulative return in cash sums $118,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,114/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24211, Abingdon, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,916 (100%) |
| Owner Occupied HU | 3,689 (75.0%) |
| Renter Occupied HU | 683 (13.9%) |
| Vacant Housing Units | 544 (11.1%) |
| Median Home Value | $353,032 |
| Average Home Value | $429,931 |
Housing Distribution
Address Breakdown
Residential
4,638
Single Family
4,624
Multi-Family
14
Businesses
176
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Listed by: Gavin Leonard • Gavin Leonard Realty
Mls Name: TVRMLS
Mls ID: #9981150
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