31270 Lee HwyGlade SpringVA24340
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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 Glade Spring at 31270 Lee Hwy, Glade Spring, VA, 24340 listed at $284,990 pairs $2,215/mo rent with a $1,395/mo payment to leave $511/mo cash flow. Total monthly income runs $2,215/mo, and annual cash flow reaches $6,135/yr on $94,474 cash to close. Return on cash invested measures 26.4% in year one, and rental yield registers 9.33% at a $284,990 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,737 by year five. Five-year ROI tracks 137.44% and total cumulative return in cash totals $129,843. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,215/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24340, Glade Spring, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,429 (100%) |
| Owner Occupied HU | 1,667 (68.6%) |
| Renter Occupied HU | 482 (19.8%) |
| Vacant Housing Units | 280 (11.5%) |
| Median Home Value | $189,556 |
| Average Home Value | $215,832 |
Housing Distribution
Address Breakdown
Residential
2,202
Single Family
2,202
Multi-Family
0
Businesses
105
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Listed by: Molly Marshall • Greater Impact Realty Jonesborough
Mls Name: TVRMLS
Mls ID: #9983330