3111 Northfork RdEllistonVA24087
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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 Elliston at 3111 Northfork Rd, Elliston, VA, 24087 offers $1,500/mo rent that, after a $1,170/mo payment, leaves $71/mo cash flow. Total monthly income is $1,500/mo, and annual cash flow is $853/yr on $79,229 cash. Return on cash invested measures 20.99% in year one, and rental yield stands at 7.53% at a $239,000 entry. Equity gained on principal adds $1,542/yr while 5% annual appreciation compounds into $66,031 by year five. Five-year ROI records 108.39% and total cumulative return in cash reaches $85,872. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
6.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24087, Elliston, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,709 (100%) |
| Owner Occupied HU | 1,251 (73.2%) |
| Renter Occupied HU | 281 (16.4%) |
| Vacant Housing Units | 177 (10.4%) |
| Median Home Value | $249,752 |
| Average Home Value | $327,828 |
Housing Distribution
Address Breakdown
Residential
1,496
Single Family
1,496
Multi-Family
0
Businesses
63
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Listed by: Brandi Witt • Nest Realty SWVA
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423768
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.