402 W Grayson StGalaxVA24333
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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 Galax at 402 W Grayson St, Galax, VA, 24333 priced at $250,000 converts $1,506/mo rent into $11/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,506/mo, and annual cash flow totals $134/yr on $82,875 invested. Return on cash invested prints 20.07% in year one, and rental yield reads 7.23% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 103.48% and total cumulative return in cash sums $85,762. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,506/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24333, Galax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,838 (100%) |
| Owner Occupied HU | 5,415 (61.3%) |
| Renter Occupied HU | 1,976 (22.4%) |
| Vacant Housing Units | 1,447 (16.4%) |
| Median Home Value | $157,744 |
| Average Home Value | $201,998 |
Housing Distribution
Address Breakdown
Residential
8,041
Single Family
7,799
Multi-Family
242
Businesses
670
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