437 Posey Rd NWAlum RidgeVA24091
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Alum Ridge at 437 Posey Rd NW, Alum Ridge, VA, 24091 with 5% annual appreciation on a $415,000 basis while $3,454/mo rent supports operations. Total monthly income totals $3,454/mo and a $2,031/mo payment preserves $973/mo for cash returns. Annual cash flow comes to $11,681/yr on $137,573 deployed, and return on cash invested reaches 28.4% in year one. Equity gained on principal adds $2,678/yr, and five-year appreciation sums $114,657 alongside rental yield of 9.99%. Five-year ROI measures 148.12% and total cumulative return in cash totals $203,769.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,454/mo property income versus a $2,031/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1996
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24091, Floyd, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,796 (100%) |
| Owner Occupied HU | 2,507 (66.0%) |
| Renter Occupied HU | 760 (20.0%) |
| Vacant Housing Units | 529 (13.9%) |
| Median Home Value | $280,014 |
| Average Home Value | $309,658 |
Housing Distribution
Address Breakdown
Residential
3,379
Single Family
3,379
Multi-Family
0
Businesses
421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BENNY HAGY • RE/MAX 8
Mls Name: RVAR
Mls ID: #919711