601 S Main StHillsvilleVA24343
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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 Hillsville at 601 S Main St, Hillsville, VA, 24343 generates $1,634/mo in rent and, after a $1,292/mo payment, leaves $56/mo in cash flow. Total monthly income is $1,634/mo, and annual cash flow is $672/yr on $87,516 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 7.43% on a $264,000 entry. Equity gained on principal adds $1,704/yr, while 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 106.67% and total cumulative return in cash sums $93,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,634/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24343, Hillsville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,026 (100%) |
| Owner Occupied HU | 2,945 (58.6%) |
| Renter Occupied HU | 978 (19.5%) |
| Vacant Housing Units | 1,103 (21.9%) |
| Median Home Value | $159,099 |
| Average Home Value | $200,289 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,786
Multi-Family
96
Businesses
370
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Listed by: Keith Clark • BHHS- Mountain Sky Properties-Hillsville
Mls Name: SWVAR
Mls Provider:
Mls ID: #99885
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.