7049 Caney Ridge RdCoeburnVA24230
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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 Coeburn at 7049 Caney Ridge Rd, Coeburn, VA, 24230 generates $1,504/mo in rent and, after a $827/mo payment, leaves $494/mo in cash flow. Total monthly income is $1,504/mo, and annual cash flow is $5,927/yr on $56,024 invested. Return on cash invested sits at 30.49% in year one, and rental yield is 10.68% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 159.31% and total cumulative return in cash sums $89,251. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,504/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24230, Coeburn, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,868 (100%) |
| Owner Occupied HU | 2,358 (61.0%) |
| Renter Occupied HU | 750 (19.4%) |
| Vacant Housing Units | 760 (19.6%) |
| Median Home Value | $139,552 |
| Average Home Value | $167,802 |
Housing Distribution
Address Breakdown
Residential
2,687
Single Family
2,665
Multi-Family
22
Businesses
149
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