331 Music Fest RdCedar BluffVA24609
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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 Cedar Bluff at 331 Music Fest Rd, Cedar Bluff, VA, 24609 with 5% annual appreciation on a $260,000 basis while $2,526/mo rent supports operations. Total monthly income totals $2,526/mo and a $1,273/mo payment preserves $971/mo for cash returns. Annual cash flow comes to $11,656/yr on $86,190 deployed, and return on cash invested reaches 33.43% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 11.66%. Five-year ROI measures 175.13% and total cumulative return in cash totals $150,941.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,526/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24609, Cedar Bluff, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,117 (100%) |
| Owner Occupied HU | 2,222 (71.3%) |
| Renter Occupied HU | 485 (15.6%) |
| Vacant Housing Units | 410 (13.2%) |
| Median Home Value | $161,607 |
| Average Home Value | $223,812 |
Housing Distribution
Address Breakdown
Residential
2,515
Single Family
2,515
Multi-Family
0
Businesses
215
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Listed by: Christina Asbury • BHHS Four Seasons Select Prop- Richlands
Mls Name: SWVAR
Mls Provider:
Mls ID: #94165
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.