641 Locust St NWAbingdonVA24210
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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
Investment property for sale in Abingdon at 641 Locust St NW, Abingdon, VA, 24210 with 5% annual appreciation on a $171,000 basis while $1,440/mo rent supports operations. Total monthly income totals $1,440/mo and a $837/mo payment preserves $418/mo for cash returns. Annual cash flow comes to $5,013/yr on $56,687 deployed, and return on cash invested reaches 28.75% in year one. Equity gained on principal adds $1,103/yr, and five-year appreciation sums $47,244 alongside rental yield of 10.11%. Five-year ROI measures 150% and total cumulative return in cash totals $85,031.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,440/mo property income versus a $837/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
9,975 sqft 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
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Listed by: Cathy Rainey • Owens & Company
Mls Name: SWVAR
Mls Provider:
Mls ID: #98943
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.