31408 Old Saltworks RdMeadowviewVA24361
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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 Meadowview at 31408 Old Saltworks Rd, Meadowview, VA, 24361 listed at $154,200 pairs $2,394/mo rent with a $755/mo payment to leave $1,472/mo cash flow. Total monthly income runs $2,394/mo, and annual cash flow reaches $17,663/yr on $51,117 cash to close. Return on cash invested measures 54.46% in year one, and rental yield registers 18.63% at a $154,200 basis. Equity gained on principal adds $995/yr, and annual property appreciation at 5% supports $42,603 by year five. Five-year ROI tracks 287.86% and total cumulative return in cash totals $147,149. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,394/mo property income relative to a $755/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24361, Meadowview, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,346 (100%) |
| Owner Occupied HU | 1,717 (73.2%) |
| Renter Occupied HU | 378 (16.1%) |
| Vacant Housing Units | 251 (10.7%) |
| Median Home Value | $211,000 |
| Average Home Value | $263,211 |
Housing Distribution
Address Breakdown
Residential
1,915
Single Family
1,915
Multi-Family
0
Businesses
76
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Listed by: N/A • N/A
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