3075 Cove RdWythevilleVA24382
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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 Wytheville at 3075 Cove Rd, Wytheville, VA, 24382 offers a 9.39% rental yield on a $159,000 purchase with $1,244/mo rent. Total monthly income registers $1,244/mo, and a $778/mo payment leaves $294/mo available for distribution. Annual cash flow reaches $3,525/yr on $52,709 to close, and return on cash invested stands at 26.6% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 138.47% and total cumulative return in cash at $72,984. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,244/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
17.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24382, Wytheville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,276 (100%) |
| Owner Occupied HU | 4,415 (60.7%) |
| Renter Occupied HU | 2,049 (28.2%) |
| Vacant Housing Units | 812 (11.2%) |
| Median Home Value | $210,562 |
| Average Home Value | $242,951 |
Housing Distribution
Address Breakdown
Residential
6,823
Single Family
6,788
Multi-Family
35
Businesses
883
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Listed by: Joseph Hand, Jr. • RE/MAX Land Mark Real Estate
Mls Name: New River Valley AOR
Mls ID: #424310