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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Covington at 418 Winding Way, Covington, VA, 24426 offers a 10.02% rental yield on a $220,000 purchase with $1,837/mo rent. Total monthly income registers $1,837/mo, and a $1,077/mo payment leaves $522/mo available for distribution. Annual cash flow reaches $6,260/yr on $72,930 to close, and return on cash invested stands at 28.49% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 148.61% and total cumulative return in cash at $108,383. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,837/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,226 (100%) |
| Owner Occupied HU | 4,749 (65.7%) |
| Renter Occupied HU | 1,407 (19.5%) |
| Vacant Housing Units | 1,070 (14.8%) |
| Median Home Value | $121,270 |
| Average Home Value | $161,865 |
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Price change | $220,000 |
| 2024-09-08 | Price change | $225,000 |
| 2024-08-23 | Listed for sale | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | $896.44 | N/A | $122,800 | N/A |
| 2022-11-13 | $896.44 | N/A | $122,800 | N/A |
| 2021-11-13 | $896.44 | N/A | $122,800 | N/A |
What's Special
Scuttle
Listed by: Kelly Campbell • Lytle Realty LLC
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138765
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers 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 Deemed Reliable But Not Guaranteed. Copyright 2024 Rockbridge Highland Realtors. All rights reserved.
