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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Covington at 402 E Parrish St, Covington, VA, 24426 offers a 9.25% rental yield on a $129,900 purchase with $1,001/mo rent. Total monthly income registers $1,001/mo, and a $636/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,691/yr on $43,062 to close, and return on cash invested stands at 26.16% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 136.17% and total cumulative return in cash at $58,639. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,001/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,226 (100%) |
| Owner Occupied HU | 4,749 (65.7%) |
| Renter Occupied HU | 1,407 (19.5%) |
| Vacant Housing Units | 1,070 (14.8%) |
| Median Home Value | $121,270 |
| Average Home Value | $161,865 |
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Janie Curtin Tyree • Mountain River Realty
Mls Name: Rockbridge Highlands REALTORS
Mls ID: #139488
