547 Farris Mines RdAllisoniaVA24347
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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 Allisonia at 547 Farris Mines Rd, Allisonia, VA, 24347 listed at $190,000 pairs $1,807/mo rent with a $930/mo payment to leave $671/mo cash flow. Total monthly income runs $1,807/mo, and annual cash flow reaches $8,054/yr on $62,985 cash to close. Return on cash invested measures 32.7% in year one, and rental yield registers 11.41% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 171.2% and total cumulative return in cash totals $107,832. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,807/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24347, Hiwassee, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,144 (100%) |
| Owner Occupied HU | 621 (54.3%) |
| Renter Occupied HU | 117 (10.2%) |
| Vacant Housing Units | 406 (35.5%) |
| Median Home Value | $236,818 |
| Average Home Value | $342,279 |
Housing Distribution
Address Breakdown
Residential
803
Single Family
803
Multi-Family
0
Businesses
14
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