465 Loretto DrWythevilleVA24382
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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 Wytheville at 465 Loretto Dr, Wytheville, VA, 24382 priced at $635,000 pairs $3,228/mo rent with after a $3,108/mo payment. Total monthly income equals $3,228/mo. Return on cash invested is 16.8% in year one, and rental yield stands at 6.1% on a $635,000 basis. Equity gained on principal adds $4,098/yr, and 5% annual appreciation accumulates to $175,439 by year five. Five-year ROI measures 85.86% and total cumulative return in cash reaches $179,384. For financing, Ziffy Mortgage’s DSCR program evaluates $3,228/mo property income against a $3,108/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24382, Wytheville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,276 (100%) |
| Owner Occupied HU | 4,415 (60.7%) |
| Renter Occupied HU | 2,049 (28.2%) |
| Vacant Housing Units | 812 (11.2%) |
| Median Home Value | $210,562 |
| Average Home Value | $242,951 |
Housing Distribution
Address Breakdown
Residential
6,823
Single Family
6,788
Multi-Family
35
Businesses
883
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Listed by: Christopher Fox • BHHS- Mountain Sky Properties, Wytheville
Mls Name: SWVAR
Mls ID: #100774