416 Bobbitt RdHillsvilleVA24343
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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 Hillsville at 416 Bobbitt Rd, Hillsville, VA, 24343 offers a 8.55% rental yield on a $215,000 purchase with $1,531/mo rent. Total monthly income registers $1,531/mo, and a $1,052/mo payment leaves $246/mo available for distribution. Annual cash flow reaches $2,953/yr on $71,273 to close, and return on cash invested stands at 24.05% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 124.85% and total cumulative return in cash at $88,981. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,531/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1992
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24343, Hillsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,026 (100%) |
| Owner Occupied HU | 2,945 (58.6%) |
| Renter Occupied HU | 978 (19.5%) |
| Vacant Housing Units | 1,103 (21.9%) |
| Median Home Value | $159,099 |
| Average Home Value | $200,289 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,786
Multi-Family
96
Businesses
370
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Listed by: Jade Melton • A Team Real Estate Company, KW Galax
Mls Name: SWVAR
Mls Provider:
Mls ID: #103956
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.