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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Floyd at 2900 Floyd Hwy N, Floyd, VA, 24091 offers $3,121/mo rent that, after a $5,384/mo payment. Total monthly income is $3,121/mo. Return on cash invested measures 8.74% in year one, and rental yield stands at 3.4% at a $1,100,000 entry. Equity gained on principal adds $7,098/yr while 5% annual appreciation compounds into $303,910 by year five. Five-year ROI records 42.56% and total cumulative return in cash reaches $151,675. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,121/mo property income versus a $5,384/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
208.67 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24091, Floyd, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,796 (100%) |
| Owner Occupied HU | 2,507 (66.0%) |
| Renter Occupied HU | 760 (20.0%) |
| Vacant Housing Units | 529 (13.9%) |
| Median Home Value | $280,014 |
| Average Home Value | $309,658 |
Residential
3,379
Single Family
3,379
Multi-Family
0
Businesses
421
Date | Event | Price |
|---|---|---|
| 2024-03-24 | Listed for sale | $1,100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jeff Snyder • WAINWRIGHT & CO., REALTORS(r)
Mls Name: RVAR
Mls Provider:
Mls ID: #906039
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