511 Reed StDamascusVA24236
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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 Damascus at 511 Reed St, Damascus, VA, 24236 listed at $155,000 pairs $1,572/mo rent with a $759/mo payment to leave $645/mo cash flow. Total monthly income runs $1,572/mo, and annual cash flow reaches $7,741/yr on $51,383 cash to close. Return on cash invested measures 34.97% in year one, and rental yield registers 12.17% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 183.45% and total cumulative return in cash totals $94,264. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,572/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24236, Damascus, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,590 (100%) |
| Owner Occupied HU | 912 (57.4%) |
| Renter Occupied HU | 383 (24.1%) |
| Vacant Housing Units | 295 (18.6%) |
| Median Home Value | $242,958 |
| Average Home Value | $274,224 |
Housing Distribution
Address Breakdown
Residential
1,230
Single Family
1,085
Multi-Family
145
Businesses
91
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Listed by: Samuel Blevins • Holston Realty, Inc
Mls Name: SWVAR
Mls Provider:
Mls ID: #103230
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.