366 General Puller HwySaludaVA23149
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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
Rental property for sale in Saluda at 366 General Puller Hwy, Saluda, VA, 23149 priced at $579,500 converts $2,959/mo rent into after a $2,836/mo obligation. Total monthly income equals $2,959/mo. Return on cash invested prints 16.88% in year one, and rental yield reads 6.13% against a $579,500 entry. Equity gained on principal adds $3,739/yr, while 5% annual appreciation compiles into $160,105 by year five. Five-year ROI reaches 86.33% and total cumulative return in cash sums $164,588. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,959/mo property income covering a $2,836/mo payment, not borrower’s personal income.
Single Family
Built in 1960
3.31 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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Listed by: R.D. Johnson II • Mason Realty, Inc.
Mls Name: Chesapeake Bay & Rivers AOR
Mls ID: #2414053
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 2024 CBRAR Property Services, Inc. All rights reserved.