489 Rural Retreat Lake RdRural RetreatVA24368
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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 Rural Retreat at 489 Rural Retreat Lake Rd, Rural Retreat, VA, 24368 with 5% annual appreciation on a $227,000 basis while $1,170/mo rent supports operations. 93% in year one. Equity gained on principal adds $1,465/yr, and five-year appreciation sums $62,716 alongside rental yield of 6.19%. Five-year ROI measures 86.64% and total cumulative return in cash totals $65,197. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,170/mo property income versus a $1,111/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2011
3.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24368, Rural Retreat, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,379 (100%) |
| Owner Occupied HU | 1,653 (69.5%) |
| Renter Occupied HU | 379 (15.9%) |
| Vacant Housing Units | 347 (14.6%) |
| Median Home Value | $169,596 |
| Average Home Value | $220,800 |
Housing Distribution
Address Breakdown
Residential
1,934
Single Family
1,934
Multi-Family
0
Businesses
102
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Listed by: Mark Linkous • BHHS- Mountain Sky Properties, Wytheville
Mls Name: SWVAR
Mls ID: #103824