506 Parkwood DrGalaxVA24333
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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 Galax at 506 Parkwood Dr, Galax, VA, 24333 with 5% annual appreciation on a $139,900 basis while $1,106/mo rent supports operations. Total monthly income totals $1,106/mo and a $685/mo payment preserves $260/mo for cash returns. Annual cash flow comes to $3,120/yr on $46,377 deployed, and return on cash invested reaches 26.64% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,652 alongside rental yield of 9.49%. Five-year ROI measures 138.72% and total cumulative return in cash totals $64,335.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,106/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24333, Galax, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,838 (100%) |
| Owner Occupied HU | 5,415 (61.3%) |
| Renter Occupied HU | 1,976 (22.4%) |
| Vacant Housing Units | 1,447 (16.4%) |
| Median Home Value | $157,744 |
| Average Home Value | $201,998 |
Housing Distribution
Address Breakdown
Residential
8,041
Single Family
7,799
Multi-Family
242
Businesses
670
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Listed by: Keith Clark • BHHS- Mountain Sky Properties-Hillsville
Mls Name: SWVAR
Mls Provider:
Mls ID: #103067
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.