408 Hale StPearisburgVA24134
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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
Investment property for sale in Pearisburg at 408 Hale St, Pearisburg, VA, 24134 uses $82,875 cash to close to unlock $782/yr annual cash flow and $65/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $1,224/mo payment keeps the spread at $65/mo. Purchase price stands at $250,000, and rental yield measures 7.49% with $1,560/mo rent. Return on cash invested shows 20.85% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 107.68% and total cumulative return in cash records $89,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24134, Pearisburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,745 (100%) |
| Owner Occupied HU | 1,843 (67.1%) |
| Renter Occupied HU | 572 (20.8%) |
| Vacant Housing Units | 330 (12.0%) |
| Median Home Value | $195,471 |
| Average Home Value | $264,365 |
Housing Distribution
Address Breakdown
Residential
2,523
Single Family
2,444
Multi-Family
79
Businesses
235
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Listed by: Patrick Mulheren • Coldwell Banker Townside Bburg
Mls Name: New River Valley AOR
Mls ID: #426004