5579 Covesville LnCovesvilleVA22931
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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 Covesville at 5579 Covesville Ln, Covesville, VA, 22931 generates $2,778/mo in rent and, after a $1,591/mo payment, leaves $835/mo in cash flow. Total monthly income is $2,778/mo, and annual cash flow is $10,019/yr on $107,738 invested. Return on cash invested sits at 29.21% in year one, and rental yield is 10.26% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 152.43% and total cumulative return in cash sums $164,221. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,778/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1.73 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: MARJORIE ADAM • BETTER HOMES & GARDENS R.E.-PATHWAYS
Mls Name: CAAR
Mls ID: #670729