338 Turks Ferry RdSaludaVA23149
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
Investment property for sale in Saluda at 338 Turks Ferry Rd, Saluda, VA, 23149 at $198,000 posts ROI 41.24% with $1,167/mo cash flow from $2,350/mo rent. Total monthly income equals $2,350/mo, and annual cash flow records $13,998/yr on $65,637 to close. Return on cash invested measures 41.24% and rental yield reads 14.24% at the current $198,000. Equity gained on principal adds $1,278/yr, and 5% annual appreciation supports $54,704 by year five. Five-year ROI prints 216.94% and total cumulative return in cash totals $142,396.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,350/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1991
3.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23149, Saluda, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,467 (100%) |
| Owner Occupied HU | 1,004 (68.4%) |
| Renter Occupied HU | 181 (12.3%) |
| Vacant Housing Units | 282 (19.2%) |
| Median Home Value | $319,178 |
| Average Home Value | $514,422 |
Housing Distribution
Address Breakdown
Residential
1,006
Single Family
1,006
Multi-Family
0
Businesses
149
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Nearby investment properties with comparable prices
Listed by: Byrl B Taylor • Shaheen Ruth Martin & Fonville Real Estate
Mls Name: Chesapeake Bay & Rivers AOR
Mls ID: #2512350
Disclaimer: All or a portion of the multiple Listing information is provided by the CBRAR Property Services, Inc. Multiple Listing Service, from a copyrighted compilation of Listings. All CBRAR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 CBRAR Property Services, Inc. All rights reserved.