614 Morris 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
Investment property for sale in Pearisburg at 614 Morris Ave, Pearisburg, VA, 24134 earns $503/mo cash flow from $1,728/mo rent with a $1,003/mo payment. Total monthly income totals $1,728/mo, and annual cash flow totals $6,035/yr on $67,958 capital. ROI tracks 28.79% on current figures, and rental yield reads 10.12% at a $205,000 purchase. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 over five years. Five-year ROI reaches 150.17% and total cumulative return in cash sums $102,054. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,728/mo property income instead of your personal income.
Single Family
Built in 1998
0.58 Acres 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: Chad Price • Coldwell Banker Townside Bburg
Mls Name: New River Valley AOR
Mls ID: #425894