326 Park AveAppalachiaVA24216
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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 Appalachia at 326 Park Ave, Appalachia, VA, 24216 uses $57,979 cash to close to unlock $3,474/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $1,335/mo, and a $856/mo payment keeps the spread at $290/mo. Purchase price stands at $174,900, and rental yield measures 9.16% with $1,335/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 134.74% and total cumulative return in cash records $78,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,335/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24216, Appalachia, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 728 (59.7%) |
| Renter Occupied HU | 308 (25.3%) |
| Vacant Housing Units | 183 (15.0%) |
| Median Home Value | $66,765 |
| Average Home Value | $171,978 |
Housing Distribution
Address Breakdown
Residential
1,012
Single Family
976
Multi-Family
36
Businesses
61
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Listed by: Robert Smith • Park Hill Realty Group, LLC
Mls Name: TVRMLS
Mls ID: #9980670
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