503 N Rockbridge AveCovingtonVA24426
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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 Covington at 503 N Rockbridge Ave, Covington, VA, 24426 generates $540/mo in rent, after a $567/mo payment. Total monthly income is $540/mo. Return on cash invested sits at 15.14% in year one, and rental yield is 5.59% on a $115,900 entry. Equity gained on principal adds $748/yr, while 5% annual appreciation builds toward $32,021 over five years. Five-year ROI reaches 77.09% and total cumulative return in cash sums $29,620. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $540/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
5,183 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,226 (100%) |
| Owner Occupied HU | 4,749 (65.7%) |
| Renter Occupied HU | 1,407 (19.5%) |
| Vacant Housing Units | 1,070 (14.8%) |
| Median Home Value | $121,270 |
| Average Home Value | $161,865 |
Housing Distribution
Address Breakdown
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
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Listed by: Sandra Leah Wright • Key to Your Heart Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #352707
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.