425 W Parrish StCovingtonVA24426
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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 Covington at 425 W Parrish St, Covington, VA, 24426 at $138,000 posts ROI 37.34% with $665/mo cash flow from $1,489/mo rent. Total monthly income equals $1,489/mo, and annual cash flow records $7,974/yr on $45,747 to close. Return on cash invested measures 37.34% and rental yield reads 12.95% at the current $138,000. Equity gained on principal adds $890/yr, and 5% annual appreciation supports $38,127 by year five. Five-year ROI prints 196.09% and total cumulative return in cash totals $89,706.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,489/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
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