506 Wysong Mill RdHardyVA24101
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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 Hardy at 506 Wysong Mill Rd, Hardy, VA, 24101 priced at $260,000 pairs $1,762/mo rent with $207/mo cash flow after a $1,273/mo payment. Total monthly income equals $1,762/mo, and annual cash flow comes to $2,488/yr on $86,190 invested. Return on cash invested is 22.8% in year one, and rental yield stands at 8.13% on a $260,000 basis. Equity gained on principal adds $1,678/yr, and 5% annual appreciation accumulates to $71,833 by year five. Five-year ROI measures 118.09% and total cumulative return in cash reaches $101,777. For financing, Ziffy Mortgage’s DSCR program evaluates $1,762/mo property income against a $1,273/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2013
1.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24101, Hardy, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,103 (100%) |
| Owner Occupied HU | 2,436 (78.5%) |
| Renter Occupied HU | 265 ( 8.5%) |
| Vacant Housing Units | 402 (13.0%) |
| Median Home Value | $362,342 |
| Average Home Value | $426,026 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,900
Multi-Family
0
Businesses
250
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