3160 Sawmill RdFerrumVA24088
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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 Ferrum at 3160 Sawmill Rd, Ferrum, VA, 24088 uses $46,410 cash to close to unlock $4,456/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $1,208/mo, and a $685/mo payment keeps the spread at $371/mo. Purchase price stands at $140,000, and rental yield measures 10.35% with $1,208/mo rent. Return on cash invested shows 29.51% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 154.1% and total cumulative return in cash records $71,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,208/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1960
2.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24088, Ferrum, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,023 (100%) |
| Owner Occupied HU | 1,386 (68.5%) |
| Renter Occupied HU | 308 (15.2%) |
| Vacant Housing Units | 329 (16.3%) |
| Median Home Value | $204,149 |
| Average Home Value | $265,548 |
Housing Distribution
Address Breakdown
Residential
1,735
Single Family
1,735
Multi-Family
0
Businesses
62
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