540 E Craig StCraigsvilleVA24430
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 540 E Craig St, Craigsville, VA, 24430 in Craigsville. At $155,000 it earns $1,246/mo in rent and distributes $319/mo to the owner after the $697/mo payment, a consistent 9.65% yield. DSCR 1.79 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $42,824 in value; $1,428/yr in principal paydown compounds ownership stake. Total projected return: $79,242.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.2% |
| Monthly Cash Flow | $319 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,246 |
| Total Monthly Debt Service | $865 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24430, Craigsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 521 (63.2%) |
| Renter Occupied HU | 203 (24.6%) |
| Vacant Housing Units | 101 (12.2%) |
| Median Home Value | $324,554 |
| Average Home Value | $420,590 |
Housing Distribution
Address Breakdown
Residential
515
Single Family
509
Multi-Family
6
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24430, Craigsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 521 (63.2%) |
| Renter Occupied HU | 203 (24.6%) |
| Vacant Housing Units | 101 (12.2%) |
| Median Home Value | $324,554 |
| Average Home Value | $420,590 |
Housing Distribution
Address Breakdown
Residential
515
Single Family
509
Multi-Family
6
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Cox • 1ST CHOICE REAL ESTATE
Mls Name: GASAOR
Mls Provider:
Mls ID: #658665
Disclaimer: Copyright Greater Augusta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.