303 Myers Moon RdMontereyVA24465
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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
Investment property for sale in Monterey at 303 Myers Moon Rd, Monterey, VA, 24465 uses $38,454 cash to close to unlock $2,368/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $891/mo, and a $568/mo payment keeps the spread at $197/mo. Purchase price stands at $116,000, and rental yield measures 9.22% with $891/mo rent. Return on cash invested shows 26.07% in year one, and 5% annual appreciation builds toward $32,049 over five years. Five-year ROI reaches 135.65% and total cumulative return in cash records $52,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $891/mo property income covering a $568/mo payment rather than investor’s personal income.
Single Family
Built in 2018
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24465, Monterey, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 978 (100%) |
| Owner Occupied HU | 533 (54.5%) |
| Renter Occupied HU | 113 (11.6%) |
| Vacant Housing Units | 332 (33.9%) |
| Median Home Value | $238,393 |
| Average Home Value | $271,857 |
Housing Distribution
Address Breakdown
Residential
587
Single Family
587
Multi-Family
0
Businesses
102
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