303 Farmer LnVintonVA24179
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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 Vinton at 303 Farmer Ln, Vinton, VA, 24179 priced at $259,950 pairs $1,541/mo rent with after a $1,272/mo payment. Total monthly income equals $1,541/mo. Return on cash invested is 19.73% in year one, and rental yield stands at 7.11% on a $259,950 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,819 by year five. Five-year ROI measures 101.66% and total cumulative return in cash reaches $87,602. For financing, Ziffy Mortgage’s DSCR program evaluates $1,541/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24179, Vinton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,720 (100%) |
| Owner Occupied HU | 6,111 (70.1%) |
| Renter Occupied HU | 2,125 (24.4%) |
| Vacant Housing Units | 484 ( 5.6%) |
| Median Home Value | $272,333 |
| Average Home Value | $313,882 |
Housing Distribution
Address Breakdown
Residential
8,576
Single Family
7,983
Multi-Family
593
Businesses
608
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