379 Edgewater DrCedar BluffVA24609
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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 Cedar Bluff at 379 Edgewater Dr, Cedar Bluff, VA, 24609 earns $123/mo cash flow from $2,424/mo rent with a $1,884/mo payment. Total monthly income totals $2,424/mo, and annual cash flow totals $1,475/yr on $127,628 capital. ROI tracks 21.06% on current figures, and rental yield reads 7.56% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 108.77% and total cumulative return in cash sums $138,814. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,424/mo property income instead of your personal income.
Single Family
Built in 1958
2.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24609, Cedar Bluff, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,117 (100%) |
| Owner Occupied HU | 2,222 (71.3%) |
| Renter Occupied HU | 485 (15.6%) |
| Vacant Housing Units | 410 (13.2%) |
| Median Home Value | $161,607 |
| Average Home Value | $223,812 |
Housing Distribution
Address Breakdown
Residential
2,515
Single Family
2,515
Multi-Family
0
Businesses
215
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Listed by: Jaimie Tuggle • RE/MAX At Work
Mls Name: SWVAR
Mls Provider:
Mls ID: #100622
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.