483 Store Hill RdAustinvilleVA24312
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
Rental property for sale in Austinville at 483 Store Hill Rd, Austinville, VA, 24312 priced at $175,000 converts $1,253/mo rent into $206/mo cash flow after a $857/mo obligation. Total monthly income equals $1,253/mo, and annual cash flow totals $2,477/yr on $58,013 invested. Return on cash invested prints 24.18% in year one, and rental yield reads 8.59% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 125.51% and total cumulative return in cash sums $72,811. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,253/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1908
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24312, Austinville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 674 (65.8%) |
| Renter Occupied HU | 130 (12.7%) |
| Vacant Housing Units | 221 (21.6%) |
| Median Home Value | $109,949 |
| Average Home Value | $141,869 |
Housing Distribution
Address Breakdown
Residential
995
Single Family
995
Multi-Family
0
Businesses
45
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Nearby investment properties with comparable prices
Listed by: Laura Beth Watson • Berkshire Hathaway Home Services Mountain Sky Properties-Wythev
Mls Name: New River Valley AOR
Mls ID: #425552