302 Mountain DrPearisburgVA24134
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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 302 Mountain Dr, Pearisburg, VA, 24134 priced at $209,000 converts $564/mo rent into after a $1,023/mo obligation. Total monthly income equals $564/mo. Return on cash invested prints 8.04% in year one, and rental yield reads 3.24% against a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation compiles into $57,743 by year five. Five-year ROI reaches 38.92% and total cumulative return in cash sums $26,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $564/mo property income covering a $1,023/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.30 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: John Wilburn • Hokie Real Estate, Inc.
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423931
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.