384 Sugar Pine LnGate CityVA24251
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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 Gate City at 384 Sugar Pine Ln, Gate City, VA, 24251 priced at $725,000 converts $2,530/mo rent into after a $3,549/mo obligation. Total monthly income equals $2,530/mo. Return on cash invested prints 10.98% in year one, and rental yield reads 4.19% against a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,304 by year five. Five-year ROI reaches 54.66% and total cumulative return in cash sums $130,385. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,530/mo property income covering a $3,549/mo payment, not borrower’s personal income.
Manufactured
Built in 2001
84.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24251, Gate City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 2,921 (63.6%) |
| Renter Occupied HU | 847 (18.4%) |
| Vacant Housing Units | 825 (18.0%) |
| Median Home Value | $163,384 |
| Average Home Value | $224,870 |
Housing Distribution
Address Breakdown
Residential
4,126
Single Family
4,058
Multi-Family
68
Businesses
284
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