3406 Austinville RdAustinvilleVA24312
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
Rental property for sale in Austinville at 3406 Austinville Rd, Austinville, VA, 24312 generates $1,399/mo in rent and, after a $1,028/mo payment, leaves $144/mo in cash flow. Total monthly income is $1,399/mo, and annual cash flow is $1,722/yr on $69,615 invested. Return on cash invested sits at 22.38% in year one, and rental yield is 7.99% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 115.86% and total cumulative return in cash sums $80,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,399/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24312, Austinville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 674 (65.8%) |
| Renter Occupied HU | 130 (12.7%) |
| Vacant Housing Units | 221 (21.6%) |
| Median Home Value | $109,949 |
| Average Home Value | $141,869 |
Housing Distribution
Address Breakdown
Residential
995
Single Family
995
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Taylor Kirby • Berkshire Hathaway Home Services Mountain Sky Properties-Wythev
Mls Name: New River Valley AOR
Mls ID: #424949