698 Old Appalachian TrlFancy GapVA24328
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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 Fancy Gap at 698 Old Appalachian Trl, Fancy Gap, VA, 24328 offers $1,066/mo rent that, after a $759/mo payment, leaves $139/mo cash flow. Total monthly income is $1,066/mo, and annual cash flow is $1,669/yr on $51,383 cash. Return on cash invested measures 23.16% in year one, and rental yield stands at 8.25% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 120.07% and total cumulative return in cash reaches $61,696. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,066/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24328, Fancy Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 774 (44.9%) |
| Renter Occupied HU | 160 ( 9.3%) |
| Vacant Housing Units | 791 (45.9%) |
| Median Home Value | $166,296 |
| Average Home Value | $202,775 |
Housing Distribution
Address Breakdown
Residential
1,172
Single Family
1,172
Multi-Family
0
Businesses
64
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Listed by: Yuri Wall • Thomas & Wall Real Estate LLC
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424013
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.