717 Woodland RdRich CreekVA24147
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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 Rich Creek at 717 Woodland Rd, Rich Creek, VA, 24147 priced at $171,500 converts $600/mo rent into after a $839/mo obligation. Total monthly income equals $600/mo. Return on cash invested prints 10.94% in year one, and rental yield reads 4.2% against a $171,500 entry. Equity gained on principal adds $1,107/yr, while 5% annual appreciation compiles into $47,382 by year five. Five-year ROI reaches 54.56% and total cumulative return in cash sums $31,020. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $600/mo property income covering a $839/mo payment, not borrower’s personal income.
Single Family
Built in 1947
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24147, Rich Creek, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 411 (100%) |
| Owner Occupied HU | 228 (55.5%) |
| Renter Occupied HU | 123 (29.9%) |
| Vacant Housing Units | 60 (14.6%) |
| Median Home Value | $141,250 |
| Average Home Value | $162,500 |
Housing Distribution
Address Breakdown
Residential
278
Single Family
236
Multi-Family
42
Businesses
49
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Listed by: MELISSA WEDDLE • OAK & STONE REALTY
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55398