625 Locust St NWAbingdonVA24210
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
Rental property for sale in Abingdon at 625 Locust St NW, Abingdon, VA, 24210 priced at $649,000 converts $3,523/mo rent into after a $3,177/mo obligation. Total monthly income equals $3,523/mo. Return on cash invested prints 18.05% in year one, and rental yield reads 6.51% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 92.57% and total cumulative return in cash sums $197,664. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,523/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in 2004
5.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24210, Abingdon, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,169 (100%) |
| Owner Occupied HU | 4,887 (59.8%) |
| Renter Occupied HU | 2,455 (30.1%) |
| Vacant Housing Units | 827 (10.1%) |
| Median Home Value | $237,967 |
| Average Home Value | $350,121 |
Housing Distribution
Address Breakdown
Residential
7,836
Single Family
7,698
Multi-Family
138
Businesses
853
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices