3304 Honaker RdDraperVA24324
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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 Draper at 3304 Honaker Rd, Draper, VA, 24324 uses $104,423 cash to close to unlock $3,549/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $2,179/mo, and a $1,542/mo payment keeps the spread at $296/mo. Purchase price stands at $315,000, and rental yield measures 8.3% with $2,179/mo rent. Return on cash invested shows 23.31% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 120.78% and total cumulative return in cash records $126,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,179/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Manufactured
Built in 2027
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24324, Draper, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,020 (100%) |
| Owner Occupied HU | 692 (67.8%) |
| Renter Occupied HU | 142 (13.9%) |
| Vacant Housing Units | 186 (18.2%) |
| Median Home Value | $229,861 |
| Average Home Value | $330,647 |
Housing Distribution
Address Breakdown
Residential
891
Single Family
891
Multi-Family
0
Businesses
32
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