617 Spring StHurtVA24563
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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 Hurt at 617 Spring St, Hurt, VA, 24563 priced at $244,900 converts $1,314/mo rent into after a $1,199/mo obligation. Total monthly income equals $1,314/mo. Return on cash invested prints 17.69% in year one, and rental yield reads 6.44% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 90.67% and total cumulative return in cash sums $73,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,314/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24563, Hurt, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,425 (100%) |
| Owner Occupied HU | 1,644 (67.8%) |
| Renter Occupied HU | 481 (19.8%) |
| Vacant Housing Units | 300 (12.4%) |
| Median Home Value | $130,959 |
| Average Home Value | $146,084 |
Housing Distribution
Address Breakdown
Residential
2,285
Single Family
2,285
Multi-Family
0
Businesses
88
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