553 Big River RdGoshenVA24439
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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 Goshen at 553 Big River Rd, Goshen, VA, 24439 generates $1,704/mo in rent, after a $3,304/mo payment. Total monthly income is $1,704/mo. Return on cash invested sits at 7.46% in year one, and rental yield is 3.03% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 35.78% and total cumulative return in cash sums $79,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,704/mo property income rather than buyer’s personal income.
Single Family
Built in 1837
60.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24439, Goshen, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 644 (100%) |
| Owner Occupied HU | 404 (62.7%) |
| Renter Occupied HU | 83 (12.9%) |
| Vacant Housing Units | 157 (24.4%) |
| Median Home Value | $313,433 |
| Average Home Value | $365,854 |
Housing Distribution
Address Breakdown
Residential
459
Single Family
459
Multi-Family
0
Businesses
21
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Listed by: Mary Beth Harris • James River Realty - Lexington
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #139540
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