2972 Algoma Rd, Boones Mill, VA, 24065 | 4.94% Rental Yield

For Sale

Listed for sale 4 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,294/mo, and a $3,915/mo payment. Purchase price stands at $799,900, and rental yield measures 4.94% with $3,294/mo rent. Return on cash invested shows 13.28% in year one, and 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 66.97% and total cumulative return in cash records $176,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,294/mo property income covering a $3,915/mo payment rather than investor’s personal income.

Single Family

Built in 2008

13.39 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 24065, Boones Mill, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,858 (100%)
Owner Occupied HU	2,212 (77.4%)
Renter Occupied HU	422 (14.8%)
Vacant Housing Units	224 ( 7.8%)
Median Home Value	$270,660
Average Home Value	$341,247