501 King StAppalachiaVA24216
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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 Appalachia at 501 King St, Appalachia, VA, 24216 priced at $205,000 pairs $1,394/mo rent with $169/mo cash flow after a $1,003/mo payment. Total monthly income equals $1,394/mo, and annual cash flow comes to $2,027/yr on $67,958 invested. Return on cash invested is 22.89% in year one, and rental yield stands at 8.16% on a $205,000 basis. Equity gained on principal adds $1,323/yr, and 5% annual appreciation accumulates to $56,638 by year five. Five-year ROI measures 118.56% and total cumulative return in cash reaches $80,574. For financing, Ziffy Mortgage’s DSCR program evaluates $1,394/mo property income against a $1,003/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24216, Appalachia, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 728 (59.7%) |
| Renter Occupied HU | 308 (25.3%) |
| Vacant Housing Units | 183 (15.0%) |
| Median Home Value | $66,765 |
| Average Home Value | $171,978 |
Housing Distribution
Address Breakdown
Residential
1,012
Single Family
976
Multi-Family
36
Businesses
61
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Listed by: Michelle Childress • Appalachian Realty Executives, LLC
Mls Name: TVRMLS
Mls ID: #9982320
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