6897 Joppa Mill RdMonetaVA24121
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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 Moneta at 6897 Joppa Mill Rd, Moneta, VA, 24121 generates $2,296/mo in rent and, after a $1,419/mo payment, leaves $563/mo in cash flow. Total monthly income is $2,296/mo, and annual cash flow is $6,755/yr on $96,118 invested. Return on cash invested sits at 26.94% in year one, and rental yield is 9.5% on a $289,950 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,108 over five years. Five-year ROI reaches 140.25% and total cumulative return in cash sums $134,809. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,296/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
1.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24121, Moneta, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,805 (100%) |
| Owner Occupied HU | 4,423 (56.7%) |
| Renter Occupied HU | 643 ( 8.2%) |
| Vacant Housing Units | 2,739 (35.1%) |
| Median Home Value | $493,149 |
| Average Home Value | $589,306 |
Housing Distribution
Address Breakdown
Residential
6,195
Single Family
6,011
Multi-Family
184
Businesses
414
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