3287 Groundhog Mountain RdHillsvilleVA24343
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Hillsville at 3287 Groundhog Mountain Rd, Hillsville, VA, 24343 generates $1,355/mo in rent, after a $1,250/mo payment. Total monthly income is $1,355/mo. Return on cash invested sits at 17.48% in year one, and rental yield is 6.37% on a $255,400 entry. Equity gained on principal adds $1,648/yr, while 5% annual appreciation builds toward $70,562 over five years. Five-year ROI reaches 89.55% and total cumulative return in cash sums $75,817. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,355/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
1.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24343, Hillsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,026 (100%) |
| Owner Occupied HU | 2,945 (58.6%) |
| Renter Occupied HU | 978 (19.5%) |
| Vacant Housing Units | 1,103 (21.9%) |
| Median Home Value | $159,099 |
| Average Home Value | $200,289 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,786
Multi-Family
96
Businesses
370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Hayes • Coldwell Banker Advantage
Mls Name: SWVAR
Mls ID: #100636