512 Dogwood DrHillsvilleVA24343
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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 Hillsville at 512 Dogwood Dr, Hillsville, VA, 24343 priced at $349,000 converts $2,593/mo rent into $507/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,593/mo, and annual cash flow totals $6,083/yr on $115,694 invested. Return on cash invested prints 25.17% in year one, and rental yield reads 8.92% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 130.76% and total cumulative return in cash sums $151,284. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,593/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24343, Hillsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,026 (100%) |
| Owner Occupied HU | 2,945 (58.6%) |
| Renter Occupied HU | 978 (19.5%) |
| Vacant Housing Units | 1,103 (21.9%) |
| Median Home Value | $159,099 |
| Average Home Value | $200,289 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,786
Multi-Family
96
Businesses
370
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Listed by: Christopher Ward • Ward Real Estate Group, LLC
Mls Name: SWVAR
Mls ID: #100666