48 Overlook RdHardyVA24101
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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 Hardy at 48 Overlook Rd, Hardy, VA, 24101 offers $1,675/mo rent that, after a $3,352/mo payment. Total monthly income is $1,675/mo. Return on cash invested measures 7.18% in year one, and rental yield stands at 2.93% at a $684,950 entry. Equity gained on principal adds $4,420/yr while 5% annual appreciation compounds into $189,239 by year five. Five-year ROI records 34.25% and total cumulative return in cash reaches $77,191. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,675/mo property income versus a $3,352/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24101, Hardy, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,103 (100%) |
| Owner Occupied HU | 2,436 (78.5%) |
| Renter Occupied HU | 265 ( 8.5%) |
| Vacant Housing Units | 402 (13.0%) |
| Median Home Value | $362,342 |
| Average Home Value | $426,026 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,900
Multi-Family
0
Businesses
250
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Listed by: Jason Lee Boothe • MOUNTAIN VIEW REAL ESTATE LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #917515
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