313 Centre Ave NECoeburnVA24230
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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 Coeburn at 313 Centre Ave NE, Coeburn, VA, 24230 offers $1,580/mo rent that, after a $1,219/mo payment, leaves $91/mo cash flow. Total monthly income is $1,580/mo, and annual cash flow is $1,095/yr on $82,544 cash. Return on cash invested measures 21.24% in year one, and rental yield stands at 7.61% at a $249,000 entry. Equity gained on principal adds $1,607/yr while 5% annual appreciation compounds into $68,794 by year five. Five-year ROI records 109.73% and total cumulative return in cash reaches $90,572. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,580/mo property income versus a $1,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24230, Coeburn, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,868 (100%) |
| Owner Occupied HU | 2,358 (61.0%) |
| Renter Occupied HU | 750 (19.4%) |
| Vacant Housing Units | 760 (19.6%) |
| Median Home Value | $139,552 |
| Average Home Value | $167,802 |
Housing Distribution
Address Breakdown
Residential
2,687
Single Family
2,665
Multi-Family
22
Businesses
149
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