31495 Cornett RdDamascusVA24236
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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 Damascus at 31495 Cornett Rd, Damascus, VA, 24236 offers a 7.68% rental yield on a $505,000 purchase with $3,230/mo rent. Total monthly income registers $3,230/mo, and a $2,472/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,531/yr on $166,145 to close, and return on cash invested stands at 21.58% in year one. Equity gained on principal adds $3,259/yr while 5% annual appreciation supports $139,522 over five years. Portfolio math shows five-year ROI at 111.5% and total cumulative return in cash at $185,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,230/mo property income against a $2,472/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24236, Damascus, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,590 (100%) |
| Owner Occupied HU | 912 (57.4%) |
| Renter Occupied HU | 383 (24.1%) |
| Vacant Housing Units | 295 (18.6%) |
| Median Home Value | $242,958 |
| Average Home Value | $274,224 |
Housing Distribution
Address Breakdown
Residential
1,230
Single Family
1,085
Multi-Family
145
Businesses
91
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No similar rental properties found nearby.
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Listed by: Cynthia Routon • Holston Realty, Inc
Mls Name: SWVAR
Mls Provider:
Mls ID: #103635
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.