298 Pump Hollow RdWythevilleVA24382
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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 Wytheville at 298 Pump Hollow Rd, Wytheville, VA, 24382 priced at $159,900 converts $1,235/mo rent into $279/mo cash flow after a $783/mo obligation. Total monthly income equals $1,235/mo, and annual cash flow totals $3,345/yr on $53,007 invested. Return on cash invested prints 26.22% in year one, and rental yield reads 9.27% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 136.41% and total cumulative return in cash sums $72,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,235/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1952
2.26 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: Greg Hounshell • NextHome New River Valley
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423676
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