338 Poor Farm RdFincastleVA24090
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Fincastle rentals match the income profile of 338 Poor Farm Rd, Fincastle, VA, 24090. Listed at $205,000, gross rent is $2,006/mo and net cash flow is $781/mo, a 11.74% yield well above national averages. DSCR 2.18 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $56,638 by year five with $1,888/yr in annual principal reduction, projecting $127,761 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.2% |
| Monthly Cash Flow | $781 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,006 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.75x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1981
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24090, Fincastle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,242 (100%) |
| Owner Occupied HU | 1,723 (76.9%) |
| Renter Occupied HU | 299 (13.3%) |
| Vacant Housing Units | 220 ( 9.8%) |
| Median Home Value | $375,836 |
| Average Home Value | $433,817 |
Housing Distribution
Address Breakdown
Residential
1,835
Single Family
1,835
Multi-Family
0
Businesses
140
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
Single Family
Built in 1981
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24090, Fincastle, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,242 (100%) |
| Owner Occupied HU | 1,723 (76.9%) |
| Renter Occupied HU | 299 (13.3%) |
| Vacant Housing Units | 220 ( 9.8%) |
| Median Home Value | $375,836 |
| Average Home Value | $433,817 |
Housing Distribution
Address Breakdown
Residential
1,835
Single Family
1,835
Multi-Family
0
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ADAM STEPHENSON • RE/MAX ALL STARS
Mls Name: RVAR
Mls Provider:
Mls ID: #920527
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