2894 W Lee HwyWythevilleVA24382
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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 Wytheville at 2894 W Lee Hwy, Wytheville, VA, 24382 uses $85,859 cash to close to unlock $6,617/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,268/mo payment keeps the spread at $551/mo. Purchase price stands at $259,000, and rental yield measures 9.73% with $2,100/mo rent. Return on cash invested shows 27.62% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 143.93% and total cumulative return in cash records $123,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Manufactured
Built in 1975
20.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24382, Wytheville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,276 (100%) |
| Owner Occupied HU | 4,415 (60.7%) |
| Renter Occupied HU | 2,049 (28.2%) |
| Vacant Housing Units | 812 (11.2%) |
| Median Home Value | $210,562 |
| Average Home Value | $242,951 |
Housing Distribution
Address Breakdown
Residential
6,823
Single Family
6,788
Multi-Family
35
Businesses
883
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Listed by: Barry Catron • Coldwell Banker Select Real Estate
Mls Name: SWVAR
Mls ID: #104203