310 E Prospect StCovingtonVA24426
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Covington at 310 E Prospect St, Covington, VA, 24426 priced at $210,000 converts $1,792/mo rent into $537/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,792/mo, and annual cash flow totals $6,438/yr on $69,615 invested. Return on cash invested prints 29.16% in year one, and rental yield reads 10.24% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 152.2% and total cumulative return in cash sums $105,952. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,792/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,226 (100%) |
| Owner Occupied HU | 4,749 (65.7%) |
| Renter Occupied HU | 1,407 (19.5%) |
| Vacant Housing Units | 1,070 (14.8%) |
| Median Home Value | $121,270 |
| Average Home Value | $161,865 |
Housing Distribution
Address Breakdown
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorene Kegley • B.A. Rupert Real Estate Inc
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #139380
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Copyright 2025 Rockbridge Highland Realtors. All rights reserved.