618 E Carters Valley RdGate CityVA24251
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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 Gate City at 618 E Carters Valley Rd, Gate City, VA, 24251 generates $1,506/mo in rent and, after a $969/mo payment, leaves $323/mo in cash flow. Total monthly income is $1,506/mo, and annual cash flow is $3,870/yr on $65,637 invested. Return on cash invested sits at 25.81% in year one, and rental yield is 9.13% on a $198,000 entry. Equity gained on principal adds $1,278/yr, while 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 134.22% and total cumulative return in cash sums $88,096. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,506/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24251, Gate City, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,593 (100%) |
| Owner Occupied HU | 2,921 (63.6%) |
| Renter Occupied HU | 847 (18.4%) |
| Vacant Housing Units | 825 (18.0%) |
| Median Home Value | $163,384 |
| Average Home Value | $224,870 |
Housing Distribution
Address Breakdown
Residential
4,126
Single Family
4,058
Multi-Family
68
Businesses
284
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