305 Mill Lake RdHuddlestonVA24104
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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 Huddleston at 305 Mill Lake Rd, Huddleston, VA, 24104 offers a 4.19% rental yield on a $660,000 purchase with $2,302/mo rent. 98% in year one. Equity gained on principal adds $4,259/yr while 5% annual appreciation supports $182,346 over five years. Portfolio math shows five-year ROI at 54.64% and total cumulative return in cash at $118,653. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,302/mo property income against a $3,230/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1988
1,344 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24104, Huddleston, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 1,441 (50.4%) |
| Renter Occupied HU | 200 ( 7.0%) |
| Vacant Housing Units | 1,216 (42.6%) |
| Median Home Value | $518,939 |
| Average Home Value | $582,353 |
Housing Distribution
Address Breakdown
Residential
1,875
Single Family
1,875
Multi-Family
0
Businesses
94
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Listed by: LYNN PEARSON FURROW • MAC WESTLAND REAL ESTATE GROUP
Mls Name: RVAR
Mls ID: #923056