3248 Austinville RdAustinvilleVA24312
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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 Austinville at 3248 Austinville Rd, Austinville, VA, 24312 uses $99,450 cash to close to unlock $6,480/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $2,333/mo, and a $1,468/mo payment keeps the spread at $540/mo. Purchase price stands at $300,000, and rental yield measures 9.33% with $2,333/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 137.5% and total cumulative return in cash records $136,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,333/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1950
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24312, Austinville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 674 (65.8%) |
| Renter Occupied HU | 130 (12.7%) |
| Vacant Housing Units | 221 (21.6%) |
| Median Home Value | $109,949 |
| Average Home Value | $141,869 |
Housing Distribution
Address Breakdown
Residential
995
Single Family
995
Multi-Family
0
Businesses
45
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Listed by: Kimberly Nasfell • Berkshire Hathaway Home Services Mountain Sky Properties-Wythev
Mls Name: New River Valley AOR
Mls ID: #425308