49 Hoover RdHillsvilleVA24343
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 Hillsville at 49 Hoover Rd, Hillsville, VA, 24343 at $229,900 posts ROI 28.38% with $538/mo cash flow from $1,912/mo rent. Total monthly income equals $1,912/mo, and annual cash flow records $6,455/yr on $76,212 to close. Return on cash invested measures 28.38% and rental yield reads 9.98% at the current $229,900. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 by year five. Five-year ROI prints 147.98% and total cumulative return in cash totals $112,775.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,912/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24343, Hillsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,026 (100%) |
| Owner Occupied HU | 2,945 (58.6%) |
| Renter Occupied HU | 978 (19.5%) |
| Vacant Housing Units | 1,103 (21.9%) |
| Median Home Value | $159,099 |
| Average Home Value | $200,289 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,786
Multi-Family
96
Businesses
370
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Nearby investment properties with comparable prices
Listed by: Joseph Dixon • Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv
Mls Name: New River Valley AOR
Mls ID: #425148