622 Long Horne RdUnion HallVA24176
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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 Union Hall at 622 Long Horne Rd, Union Hall, VA, 24176 priced at $259,999 converts $2,194/mo rent into $639/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,194/mo, and annual cash flow totals $7,672/yr on $86,190 invested. Return on cash invested prints 28.81% in year one, and rental yield reads 10.13% against a $259,999 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 150.34% and total cumulative return in cash sums $129,581. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,194/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24176, Union Hall, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,291 (100%) |
| Owner Occupied HU | 616 (47.7%) |
| Renter Occupied HU | 86 ( 6.7%) |
| Vacant Housing Units | 589 (45.6%) |
| Median Home Value | $645,833 |
| Average Home Value | $696,855 |
Housing Distribution
Address Breakdown
Residential
1,009
Single Family
1,009
Multi-Family
0
Businesses
37
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Listed by: Adam Lynch • Smith Mountain Lake Real Estate
Mls Name: BHHS broker feed
Mls ID: #918024