406 E Augusta AveVintonVA24179
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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 Vinton at 406 E Augusta Ave, Vinton, VA, 24179 priced at $229,950 converts $1,719/mo rent into $345/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,719/mo, and annual cash flow totals $4,139/yr on $76,228 invested. Return on cash invested prints 25.34% in year one, and rental yield reads 8.97% against a $229,950 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,531 by year five. Five-year ROI reaches 131.67% and total cumulative return in cash sums $100,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,719/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24179, Vinton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,720 (100%) |
| Owner Occupied HU | 6,111 (70.1%) |
| Renter Occupied HU | 2,125 (24.4%) |
| Vacant Housing Units | 484 ( 5.6%) |
| Median Home Value | $272,333 |
| Average Home Value | $313,882 |
Housing Distribution
Address Breakdown
Residential
8,576
Single Family
7,983
Multi-Family
593
Businesses
608
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