608 Church AvePearisburgVA24134
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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 Pearisburg at 608 Church Ave, Pearisburg, VA, 24134 priced at $240,000 converts $787/mo rent into after a $1,175/mo obligation. Total monthly income equals $787/mo. Return on cash invested prints 10.14% in year one, and rental yield reads 3.94% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 50.15% and total cumulative return in cash sums $39,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $787/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1953
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24134, Pearisburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,745 (100%) |
| Owner Occupied HU | 1,843 (67.1%) |
| Renter Occupied HU | 572 (20.8%) |
| Vacant Housing Units | 330 (12.0%) |
| Median Home Value | $195,471 |
| Average Home Value | $264,365 |
Housing Distribution
Address Breakdown
Residential
2,523
Single Family
2,444
Multi-Family
79
Businesses
235
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Listed by: Margaret Hicks • Welcome Home Real Estate
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424477
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.