29 Wagon Wheel RoadElk CreekVA24326
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Nearby investment properties with comparable prices
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 Elk Creek at 29 Wagon Wheel Road, Elk Creek, VA, 24326 priced at $325,000 pairs $2,510/mo rent with $567/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,510/mo, and annual cash flow comes to $6,803/yr on $107,738 invested. Return on cash invested is 26.22% in year one, and rental yield stands at 9.27% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 136.42% and total cumulative return in cash reaches $146,977. For financing, Ziffy Mortgage’s DSCR program evaluates $2,510/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24326, Elk Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 750 (100%) |
| Owner Occupied HU | 395 (52.7%) |
| Renter Occupied HU | 68 ( 9.1%) |
| Vacant Housing Units | 287 (38.3%) |
| Median Home Value | $166,964 |
| Average Home Value | $209,437 |
Housing Distribution
Address Breakdown
Residential
578
Single Family
578
Multi-Family
0
Businesses
22
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