346 Overlook DrChilhowieVA24319
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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 Chilhowie at 346 Overlook Dr, Chilhowie, VA, 24319 uses $50,554 cash to close to unlock $7,641/yr annual cash flow and $637/mo monthly cash flow. Total monthly income runs $1,548/mo, and a $746/mo payment keeps the spread at $637/mo. Purchase price stands at $152,500, and rental yield measures 12.18% with $1,548/mo rent. Return on cash invested shows 35.02% in year one, and 5% annual appreciation builds toward $42,133 over five years. Five-year ROI reaches 183.6% and total cumulative return in cash records $92,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,548/mo property income covering a $746/mo payment rather than investor’s personal income.
Single Family
Built in 1998
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24319, Chilhowie, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,287 (100%) |
| Owner Occupied HU | 2,145 (65.3%) |
| Renter Occupied HU | 694 (21.1%) |
| Vacant Housing Units | 448 (13.6%) |
| Median Home Value | $172,189 |
| Average Home Value | $204,587 |
Housing Distribution
Address Breakdown
Residential
2,644
Single Family
2,644
Multi-Family
0
Businesses
154
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Listed by: Adam Cumbow • Deer Valley Realty Inc
Mls Name: SWVAR
Mls Provider:
Mls ID: #100759
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.