303 Houston LnGlen LynVA24093
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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 Glen Lyn at 303 Houston Ln, Glen Lyn, VA, 24093 priced at $102,000 converts $780/mo rent into $171/mo cash flow after a $499/mo obligation. Total monthly income equals $780/mo, and annual cash flow totals $2,046/yr on $33,813 invested. Return on cash invested prints 25.96% in year one, and rental yield reads 9.18% against a $102,000 entry. Equity gained on principal adds $658/yr, while 5% annual appreciation compiles into $28,181 by year five. Five-year ROI reaches 135.1% and total cumulative return in cash sums $45,680. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $780/mo property income covering a $499/mo payment, not borrower’s personal income.
Single Family
Built in 1945
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24093, Glen Lyn, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 65 (100%) |
| Owner Occupied HU | 44 (67.7%) |
| Renter Occupied HU | 11 (16.9%) |
| Vacant Housing Units | 10 (15.4%) |
| Median Home Value | $266,667 |
| Average Home Value | $280,909 |
Housing Distribution
Address Breakdown
Residential
60
Single Family
50
Multi-Family
10
Businesses
15
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Listed by: Whitney Dunbar • UC/Blue Ridge Land - Cburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424138
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