490 Courthouse Estates DrCastlewoodVA24224
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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 Castlewood at 490 Courthouse Estates Dr, Castlewood, VA, 24224 listed at $199,995 pairs $1,382/mo rent with a $979/mo payment to leave $186/mo cash flow. Total monthly income runs $1,382/mo, and annual cash flow reaches $2,236/yr on $66,298 cash to close. Return on cash invested measures 23.28% in year one, and rental yield registers 8.29% at a $199,995 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,255 by year five. Five-year ROI tracks 120.68% and total cumulative return in cash totals $80,010. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,382/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2002
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24224, Castlewood, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,986 (100%) |
| Owner Occupied HU | 2,046 (68.5%) |
| Renter Occupied HU | 466 (15.6%) |
| Vacant Housing Units | 474 (15.9%) |
| Median Home Value | $122,854 |
| Average Home Value | $166,968 |
Housing Distribution
Address Breakdown
Residential
1,977
Single Family
1,977
Multi-Family
0
Businesses
84
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Listed by: Noelle Owens • Ridgeview Real Estate
Mls Name: TVRMLS
Mls ID: #9988867