294 Charter Oak Dr SECopper HillVA24079
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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 Copper Hill at 294 Charter Oak Dr SE, Copper Hill, VA, 24079 priced at $115,000 converts $1,628/mo rent into $919/mo cash flow after a $563/mo obligation. Total monthly income equals $1,628/mo, and annual cash flow totals $11,025/yr on $38,123 invested. Return on cash invested prints 48.83% in year one, and rental yield reads 16.99% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 257.92% and total cumulative return in cash sums $98,325. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,628/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1993
6,098 sqft lot
$N/A/sqft
$260 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24079, Copper Hill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 657 (68.4%) |
| Renter Occupied HU | 102 (10.6%) |
| Vacant Housing Units | 202 (21.0%) |
| Median Home Value | $265,678 |
| Average Home Value | $339,528 |
Housing Distribution
Address Breakdown
Residential
830
Single Family
830
Multi-Family
0
Businesses
21
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Listed by: Sherry Reynolds • Real Broker, LLC
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #422624
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.