316 W Jackson StGate CityVA24251
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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 Gate City at 316 W Jackson St, Gate City, VA, 24251 earns $620/mo cash flow from $2,377/mo rent with a $1,439/mo payment. Total monthly income totals $2,377/mo, and annual cash flow totals $7,434/yr on $97,461 capital. ROI tracks 27.54% on current figures, and rental yield reads 9.7% at a $294,000 purchase. Equity gained on principal adds $1,897/yr, and 5% annual appreciation supports $81,227 over five years. Five-year ROI reaches 143.48% and total cumulative return in cash sums $139,836. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,377/mo property income instead of your personal income.
Single Family
Built in 1850
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24251, Gate City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 2,921 (63.6%) |
| Renter Occupied HU | 847 (18.4%) |
| Vacant Housing Units | 825 (18.0%) |
| Median Home Value | $163,384 |
| Average Home Value | $224,870 |
Housing Distribution
Address Breakdown
Residential
4,126
Single Family
4,058
Multi-Family
68
Businesses
284
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