407 Summers St NEAbingdonVA24210
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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 Abingdon at 407 Summers St NE, Abingdon, VA, 24210 priced at $204,900 converts $1,883/mo rent into $658/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,883/mo, and annual cash flow totals $7,896/yr on $67,924 invested. Return on cash invested prints 31.53% in year one, and rental yield reads 11.03% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 164.99% and total cumulative return in cash sums $112,066. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,883/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24210, Abingdon, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,169 (100%) |
| Owner Occupied HU | 4,887 (59.8%) |
| Renter Occupied HU | 2,455 (30.1%) |
| Vacant Housing Units | 827 (10.1%) |
| Median Home Value | $237,967 |
| Average Home Value | $350,121 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,698
Multi-Family
138
Businesses
853
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