323 Craig AveVintonVA24179
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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 Vinton at 323 Craig Ave, Vinton, VA, 24179 uses $56,355 cash to close to unlock $3,970/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $1,347/mo, and a $832/mo payment keeps the spread at $331/mo. Purchase price stands at $170,000, and rental yield measures 9.51% with $1,347/mo rent. Return on cash invested shows 26.95% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 140.34% and total cumulative return in cash records $79,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,347/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1923
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24179, Vinton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,720 (100%) |
| Owner Occupied HU | 6,111 (70.1%) |
| Renter Occupied HU | 2,125 (24.4%) |
| Vacant Housing Units | 484 ( 5.6%) |
| Median Home Value | $272,333 |
| Average Home Value | $313,882 |
Housing Distribution
Address Breakdown
Residential
8,576
Single Family
7,983
Multi-Family
593
Businesses
608
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