4029 Flatwoods RdEllistonVA24087
Nearby investment properties with comparable rents
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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 Elliston at 4029 Flatwoods Rd, Elliston, VA, 24087 offers $3,055/mo rent that, after a $2,937/mo payment. Total monthly income is $3,055/mo. Return on cash invested measures 16.83% in year one, and rental yield stands at 6.11% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 85.99% and total cumulative return in cash reaches $169,752. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,055/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
26.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24087, Elliston, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,709 (100%) |
| Owner Occupied HU | 1,251 (73.2%) |
| Renter Occupied HU | 281 (16.4%) |
| Vacant Housing Units | 177 (10.4%) |
| Median Home Value | $249,752 |
| Average Home Value | $327,828 |
Housing Distribution
Address Breakdown
Residential
1,496
Single Family
1,496
Multi-Family
0
Businesses
63
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Nearby investment properties with comparable prices
Listed by: Nichole Powell • MKB, REALTORS(r) - AT THE LAKE
Mls Name: RVAR
Mls Provider:
Mls ID: #916770
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