340 Ola DrJonesvilleVA24263
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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 Jonesville at 340 Ola Dr, Jonesville, VA, 24263 uses $34,808 cash to close to unlock $2,067/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $800/mo, and a $514/mo payment keeps the spread at $172/mo. Purchase price stands at $105,000, and rental yield measures 9.14% with $800/mo rent. Return on cash invested shows 25.85% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 134.53% and total cumulative return in cash records $46,826. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $800/mo property income covering a $514/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24263, Jonesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,958 (100%) |
| Owner Occupied HU | 1,791 (60.5%) |
| Renter Occupied HU | 671 (22.7%) |
| Vacant Housing Units | 496 (16.8%) |
| Median Home Value | $116,447 |
| Average Home Value | $159,269 |
Housing Distribution
Address Breakdown
Residential
2,456
Single Family
2,456
Multi-Family
0
Businesses
179
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Listed by: Dana Newsome • Uptown Properties
Mls Name: TVRMLS
Mls ID: #9990561