390 Asbury LnWythevilleVA24382
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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 Wytheville at 390 Asbury Ln, Wytheville, VA, 24382 uses $109,064 cash to close to unlock $1,603/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,610/mo payment keeps the spread at $134/mo. Purchase price stands at $329,000, and rental yield measures 7.66% with $2,100/mo rent. Return on cash invested shows 21.38% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 110.46% and total cumulative return in cash records $120,477. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24382, Wytheville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,276 (100%) |
| Owner Occupied HU | 4,415 (60.7%) |
| Renter Occupied HU | 2,049 (28.2%) |
| Vacant Housing Units | 812 (11.2%) |
| Median Home Value | $210,562 |
| Average Home Value | $242,951 |
Housing Distribution
Address Breakdown
Residential
6,823
Single Family
6,788
Multi-Family
35
Businesses
883
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Listed by: Joseph Hand, Jr. • RE/MAX Land Mark Real Estate
Mls Name: New River Valley AOR
Mls ID: #424848