28602 Smyth Chapel RdMeadowviewVA24361
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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 Meadowview at 28602 Smyth Chapel Rd, Meadowview, VA, 24361 generates $1,276/mo in rent and, after a $783/mo payment, leaves $320/mo in cash flow. Total monthly income is $1,276/mo, and annual cash flow is $3,836/yr on $53,040 invested. Return on cash invested sits at 27.14% in year one, and rental yield is 9.57% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 141.38% and total cumulative return in cash sums $74,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,276/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24361, Meadowview, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,346 (100%) |
| Owner Occupied HU | 1,717 (73.2%) |
| Renter Occupied HU | 378 (16.1%) |
| Vacant Housing Units | 251 (10.7%) |
| Median Home Value | $211,000 |
| Average Home Value | $263,211 |
Housing Distribution
Address Breakdown
Residential
1,915
Single Family
1,915
Multi-Family
0
Businesses
76
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Listed by: Canaan Heath • Property Executives Bristol
Mls Name: SWVAR
Mls Provider:
Mls ID: #98955
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.