604 Heatherton DrCovingtonVA24426
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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 Covington at 604 Heatherton Dr, Covington, VA, 24426 uses $67,958 cash to close to unlock $2,219/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,410/mo, and a $1,003/mo payment keeps the spread at $185/mo. Purchase price stands at $205,000, and rental yield measures 8.25% with $1,410/mo rent. Return on cash invested shows 23.17% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 120.05% and total cumulative return in cash records $81,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,410/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24426, Covington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,226 (100%) |
| Owner Occupied HU | 4,749 (65.7%) |
| Renter Occupied HU | 1,407 (19.5%) |
| Vacant Housing Units | 1,070 (14.8%) |
| Median Home Value | $121,270 |
| Average Home Value | $161,865 |
Housing Distribution
Address Breakdown
Residential
6,311
Single Family
6,128
Multi-Family
183
Businesses
501
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