308 Chestnut StPearisburgVA24134
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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 Pearisburg at 308 Chestnut St, Pearisburg, VA, 24134 offers $2,516/mo rent that, after a $1,774/mo payment, leaves $349/mo cash flow. Total monthly income is $2,516/mo, and annual cash flow is $4,191/yr on $120,169 cash. Return on cash invested measures 23.4% in year one, and rental yield stands at 8.33% at a $362,500 entry. Equity gained on principal adds $2,339/yr while 5% annual appreciation compounds into $100,152 by year five. Five-year ROI records 121.29% and total cumulative return in cash reaches $145,754. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,516/mo property income versus a $1,774/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24134, Pearisburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,745 (100%) |
| Owner Occupied HU | 1,843 (67.1%) |
| Renter Occupied HU | 572 (20.8%) |
| Vacant Housing Units | 330 (12.0%) |
| Median Home Value | $195,471 |
| Average Home Value | $264,365 |
Housing Distribution
Address Breakdown
Residential
2,523
Single Family
2,444
Multi-Family
79
Businesses
235
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Listed by: Carol Lavinder • Lavinder Real Estate
Mls Name: New River Valley AOR
Mls ID: #424759