6188 Cowpasture River HwyMillboroVA24460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Millboro at 6188 Cowpasture River Hwy, Millboro, VA, 24460 at $425,000 posts ROI 11.73% with from $1,580/mo rent. Total monthly income equals $1,580/mo. Return on cash invested measures 11.73% and rental yield reads 4.46% at the current $425,000. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 by year five. Five-year ROI prints 58.71% and total cumulative return in cash totals $82,709. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,580/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
50.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24460, Millboro, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 518 (45.7%) |
| Renter Occupied HU | 114 (10.1%) |
| Vacant Housing Units | 501 (44.2%) |
| Median Home Value | $316,374 |
| Average Home Value | $356,245 |
Housing Distribution
Address Breakdown
Residential
724
Single Family
724
Multi-Family
0
Businesses
37
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Nearby investment properties with comparable prices
Listed by: Bryan Thompson • Whitetail Properties Real Estate
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138549
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers 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 Deemed Reliable But Not Guaranteed. Copyright 2024 Rockbridge Highland Realtors. All rights reserved.