32 Middle AveClevelandVA24225
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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 Cleveland at 32 Middle Ave, Cleveland, VA, 24225 offers a 0% rental yield on a $115,000 purchase with $0/mo rent. 73% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24225, Cleveland, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 891 (100%) |
| Owner Occupied HU | 591 (66.3%) |
| Renter Occupied HU | 152 (17.1%) |
| Vacant Housing Units | 148 (16.6%) |
| Median Home Value | $107,428 |
| Average Home Value | $145,943 |
Housing Distribution
Address Breakdown
Residential
729
Single Family
729
Multi-Family
0
Businesses
20
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No similar rental properties found nearby.
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Listed by: Lori Brewster • Fortune Realty of Richlands
Mls Name: SWVAR
Mls Provider:
Mls ID: #99945
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