390 Old Mill DrHardyVA24101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hardy at 390 Old Mill Dr, Hardy, VA, 24101 with 5% annual appreciation on a $284,500 basis while $2,782/mo rent supports operations. Total monthly income totals $2,782/mo and a $1,392/mo payment preserves $1,063/mo for cash returns. Annual cash flow comes to $12,753/yr on $94,312 deployed, and return on cash invested reaches 33.43% in year one. Equity gained on principal adds $1,836/yr, and five-year appreciation sums $78,602 alongside rental yield of 11.73%. Five-year ROI measures 175.15% and total cumulative return in cash totals $165,185.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,782/mo property income versus a $1,392/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2009
91 sqft lot
$N/A/sqft
$19 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24101, Hardy, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,103 (100%) |
| Owner Occupied HU | 2,436 (78.5%) |
| Renter Occupied HU | 265 ( 8.5%) |
| Vacant Housing Units | 402 (13.0%) |
| Median Home Value | $362,342 |
| Average Home Value | $426,026 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,900
Multi-Family
0
Businesses
250
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices