300 Chestnut StPearisburgVA24134
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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 Pearisburg at 300 Chestnut St, Pearisburg, VA, 24134 priced at $435,000 converts $2,796/mo rent into $196/mo cash flow after a $2,129/mo obligation. Total monthly income equals $2,796/mo, and annual cash flow totals $2,349/yr on $144,203 invested. Return on cash invested prints 21.54% in year one, and rental yield reads 7.71% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 111.29% and total cumulative return in cash sums $160,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,796/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24134, Pearisburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,745 (100%) |
| Owner Occupied HU | 1,843 (67.1%) |
| Renter Occupied HU | 572 (20.8%) |
| Vacant Housing Units | 330 (12.0%) |
| Median Home Value | $195,471 |
| Average Home Value | $264,365 |
Housing Distribution
Address Breakdown
Residential
2,523
Single Family
2,444
Multi-Family
79
Businesses
235
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Listed by: Sharon Duncan • Long & Foster - Blacksburg
Mls Name: New River Valley AOR
Mls ID: #424840