3118 Ervintown RdCastlewoodVA24224
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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 Castlewood at 3118 Ervintown Rd, Castlewood, VA, 24224 generates $1,554/mo in rent, after a $1,395/mo payment. Total monthly income is $1,554/mo. Return on cash invested sits at 18.01% in year one, and rental yield is 6.54% on a $284,995 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,739 over five years. Five-year ROI reaches 92.4% and total cumulative return in cash sums $87,293. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24224, Castlewood, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,986 (100%) |
| Owner Occupied HU | 2,046 (68.5%) |
| Renter Occupied HU | 466 (15.6%) |
| Vacant Housing Units | 474 (15.9%) |
| Median Home Value | $122,854 |
| Average Home Value | $166,968 |
Housing Distribution
Address Breakdown
Residential
1,977
Single Family
1,977
Multi-Family
0
Businesses
84
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Listed by: Sarah Sawyers • REMAX Results Bristol
Mls Name: TVRMLS
Mls ID: #9984817