417 Ely Town RdDrydenVA24243
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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 Dryden at 417 Ely Town Rd, Dryden, VA, 24243 priced at $118,450 converts $1,734/mo rent into $1,026/mo cash flow after a $580/mo obligation. Total monthly income equals $1,734/mo, and annual cash flow totals $12,308/yr on $39,266 invested. Return on cash invested prints 51.25% in year one, and rental yield reads 17.57% against a $118,450 entry. Equity gained on principal adds $764/yr, while 5% annual appreciation compiles into $32,726 by year five. Five-year ROI reaches 270.74% and total cumulative return in cash sums $106,309. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,734/mo property income covering a $580/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24243, Dryden, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 882 (100%) |
| Owner Occupied HU | 569 (64.5%) |
| Renter Occupied HU | 189 (21.4%) |
| Vacant Housing Units | 124 (14.1%) |
| Median Home Value | $117,909 |
| Average Home Value | $157,526 |
Housing Distribution
Address Breakdown
Residential
765
Single Family
765
Multi-Family
0
Businesses
22
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Listed by: Lynzee Evans • Century 21 Virginia Wilder Real Estate
Mls Name: East Tennessee Realtors
Mls Provider:
Mls ID: #1304193
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. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Hendrik Van Leesten - (865) 378-5282.