317 Riverview DrMarionVA24354
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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 Marion at 317 Riverview Dr, Marion, VA, 24354 uses $48,034 cash to close to unlock $3,360/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,146/mo, and a $709/mo payment keeps the spread at $280/mo. Purchase price stands at $144,900, and rental yield measures 9.49% with $1,146/mo rent. Return on cash invested shows 26.9% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 140.2% and total cumulative return in cash records $67,345. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,146/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24354, Marion, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,033 (100%) |
| Owner Occupied HU | 4,077 (58.0%) |
| Renter Occupied HU | 2,035 (28.9%) |
| Vacant Housing Units | 921 (13.1%) |
| Median Home Value | $151,039 |
| Average Home Value | $186,291 |
Housing Distribution
Address Breakdown
Residential
6,496
Single Family
6,439
Multi-Family
57
Businesses
576
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Listed by: Charles Morris • Keller Williams Realty Roanoke
Mls Name: SWVAR
Mls Provider:
Mls ID: #92997
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.