416 Mountain Laurel DrHillsvilleVA24325
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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 Mountain Laurel Dr, Hillsville, VA, 24325 at $229,900 posts ROI 29.67% with $620/mo cash flow from $1,994/mo rent. Total monthly income equals $1,994/mo, and annual cash flow records $7,439/yr on $76,212 to close. Return on cash invested measures 29.67% and rental yield reads 10.41% at the current $229,900. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 by year five. Five-year ROI prints 154.9% and total cumulative return in cash totals $118,055.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,994/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
1.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24325, Dugspur, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 799 (100%) |
| Owner Occupied HU | 403 (50.4%) |
| Renter Occupied HU | 57 ( 7.1%) |
| Vacant Housing Units | 339 (42.4%) |
| Median Home Value | $146,042 |
| Average Home Value | $215,434 |
Housing Distribution
Address Breakdown
Residential
572
Single Family
572
Multi-Family
0
Businesses
6
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Nearby investment properties with comparable prices
Listed by: Keith Canyon • Re/Max Dominion
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424835
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.