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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Monroe at 337 Peters Hollow Rd, Monroe, VA, 24574 priced at $399,900 converts $1,560/mo rent into after a $1,957/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 12.39% in year one, and rental yield reads 4.68% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 62.27% and total cumulative return in cash sums $82,544. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1969
6.81 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24574, Monroe, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,312 (71.3%) |
| Renter Occupied HU | 244 (13.3%) |
| Vacant Housing Units | 283 (15.4%) |
| Median Home Value | $269,952 |
| Average Home Value | $290,543 |
Residential
1,642
Single Family
1,642
Multi-Family
0
Businesses
78
Date | Event | Price |
|---|---|---|
| 2025-03-23 | Listed for sale | $399,900 |
| 2025-03-22 | Pending sale | $399,900 |
| 2025-03-22 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-24 | $1335.29 | 3.30% | $218,900 | 3.30% |
| 2023-03-24 | $1292.59 | N/A | $211,900 | N/A |
| 2022-03-24 | $1292.59 | N/A | $211,900 | N/A |
What's Special
Pull Down Stairs
Listed by: Carl Jackson • Cornerstone Realty Group Inc
Mls Name: LMLS
Mls Provider:
Mls ID: #357608
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.
