3418 Salem RdSpout SpringVA24593
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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 Spout Spring at 3418 Salem Rd, Spout Spring, VA, 24593 earns $274/mo cash flow from $1,708/mo rent with a $1,174/mo payment. Total monthly income totals $1,708/mo, and annual cash flow totals $3,289/yr on $79,527 capital. ROI tracks 24.05% on current figures, and rental yield reads 8.54% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 124.81% and total cumulative return in cash sums $99,259. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,708/mo property income instead of your personal income.
Manufactured
Built in 2018
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24593, Spout Spring, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,050 (100%) |
| Owner Occupied HU | 812 (77.3%) |
| Renter Occupied HU | 130 (12.4%) |
| Vacant Housing Units | 108 (10.3%) |
| Median Home Value | $257,396 |
| Average Home Value | $326,321 |
Housing Distribution
Address Breakdown
Residential
874
Single Family
874
Multi-Family
0
Businesses
30
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Listed by: Jacob Cox • Elite Realty
Mls Name: LMLS
Mls ID: #362594