6662 Lee HwyAtkinsVA24311
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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 Atkins at 6662 Lee Hwy, Atkins, VA, 24311 listed at $110,000 pairs $857/mo rent with a $538/mo payment to leave $200/mo cash flow. Total monthly income runs $857/mo, and annual cash flow reaches $2,398/yr on $36,465 cash to close. Return on cash invested measures 26.49% in year one, and rental yield registers 9.35% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 137.82% and total cumulative return in cash totals $50,256. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $857/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24311, Atkins, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 837 (100%) |
| Owner Occupied HU | 519 (62.0%) |
| Renter Occupied HU | 186 (22.2%) |
| Vacant Housing Units | 132 (15.8%) |
| Median Home Value | $97,500 |
| Average Home Value | $157,274 |
Housing Distribution
Address Breakdown
Residential
739
Single Family
739
Multi-Family
0
Businesses
53
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Listed by: Joe Robinson • Highlands Realty, Inc. Marion
Mls Name: SWVAR
Mls Provider:
Mls ID: #99390
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