308 Spring Hollow RdTroutvilleVA24175
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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 Troutville at 308 Spring Hollow Rd, Troutville, VA, 24175 with 5% annual appreciation on a $219,950 basis while $1,889/mo rent supports operations. Total monthly income totals $1,889/mo and a $1,077/mo payment preserves $574/mo for cash returns. Annual cash flow comes to $6,885/yr on $72,913 deployed, and return on cash invested reaches 29.35% in year one. Equity gained on principal adds $1,419/yr, and five-year appreciation sums $60,768 alongside rental yield of 10.31%. Five-year ROI measures 153.22% and total cumulative return in cash totals $111,715.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,889/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24175, Troutville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,283 (100%) |
| Owner Occupied HU | 2,623 (79.9%) |
| Renter Occupied HU | 448 (13.6%) |
| Vacant Housing Units | 212 ( 6.5%) |
| Median Home Value | $343,356 |
| Average Home Value | $412,316 |
Housing Distribution
Address Breakdown
Residential
3,393
Single Family
3,393
Multi-Family
0
Businesses
158
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Listed by: EMMA MAE KISER • WAINWRIGHT & CO., REALTORS(r)- LAKE
Mls Name: RVAR
Mls ID: #923374