5420 Cove Garden RdCovesvilleVA22931
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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
Investment Highlights
Investment property for sale in Covesville at 5420 Cove Garden Rd, Covesville, VA, 22931 offers a 8.57% rental yield on a $469,500 purchase with $3,352/mo rent. Total monthly income registers $3,352/mo, and a $2,298/mo payment leaves $545/mo available for distribution. Annual cash flow reaches $6,544/yr on $155,639 to close, and return on cash invested stands at 24.11% in year one. Equity gained on principal adds $3,030/yr while 5% annual appreciation supports $129,714 over five years. Portfolio math shows five-year ROI at 125.12% and total cumulative return in cash at $194,732. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,352/mo property income against a $2,298/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22931, Covesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 178 (100%) |
| Owner Occupied HU | 129 (72.5%) |
| Renter Occupied HU | 29 (16.3%) |
| Vacant Housing Units | 20 (11.2%) |
| Median Home Value | $669,643 |
| Average Home Value | $892,868 |
Housing Distribution
Address Breakdown
Residential
139
Single Family
139
Multi-Family
0
Businesses
18
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Listed by: TREY DURHAM • KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
Mls Name: CAAR
Mls ID: #667214