601 Church StRural RetreatVA24368
Nearby investment properties with comparable rents
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
Rental property for sale in Rural Retreat at 601 Church St, Rural Retreat, VA, 24368 offers $1,170/mo rent that, after a $729/mo payment, leaves $280/mo cash flow. Total monthly income is $1,170/mo, and annual cash flow is $3,355/yr on $49,394 cash. Return on cash invested measures 26.7% in year one, and rental yield stands at 9.42% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 139.02% and total cumulative return in cash reaches $68,668. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,170/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24368, Rural Retreat, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,379 (100%) |
| Owner Occupied HU | 1,653 (69.5%) |
| Renter Occupied HU | 379 (15.9%) |
| Vacant Housing Units | 347 (14.6%) |
| Median Home Value | $169,596 |
| Average Home Value | $220,800 |
Housing Distribution
Address Breakdown
Residential
1,934
Single Family
1,934
Multi-Family
0
Businesses
102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Long • Keller Williams Realty Roanoke
Mls Name: SWVAR
Mls Provider:
Mls ID: #99080
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.