590 Ike Slate LnAraratVA24053
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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 Ararat at 590 Ike Slate Ln, Ararat, VA, 24053 at $469,000 posts ROI 8.08% with from $1,272/mo rent. Total monthly income equals $1,272/mo. Return on cash invested measures 8.08% and rental yield reads 3.25% at the current $469,000. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 by year five. Five-year ROI prints 39.15% and total cumulative return in cash totals $60,871. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,272/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
27.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24053, Ararat, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,303 (100%) |
| Owner Occupied HU | 786 (60.3%) |
| Renter Occupied HU | 244 (18.7%) |
| Vacant Housing Units | 273 (21.0%) |
| Median Home Value | $174,167 |
| Average Home Value | $239,253 |
Housing Distribution
Address Breakdown
Residential
1,099
Single Family
1,099
Multi-Family
0
Businesses
36
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Listed by: James Mchone • Beamer & Kirkman Realty LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #99115
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.