72 Laurel Branch RdHonakerVA24260
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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 Honaker at 72 Laurel Branch Rd, Honaker, VA, 24260 uses $49,692 cash to close to unlock $7,111/yr annual cash flow and $593/mo monthly cash flow. Total monthly income runs $1,489/mo, and a $734/mo payment keeps the spread at $593/mo. Purchase price stands at $149,900, and rental yield measures 11.92% with $1,489/mo rent. Return on cash invested shows 34.22% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 179.35% and total cumulative return in cash records $89,123. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,489/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24260, Honaker, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,523 (100%) |
| Owner Occupied HU | 1,743 (69.1%) |
| Renter Occupied HU | 435 (17.2%) |
| Vacant Housing Units | 345 (13.7%) |
| Median Home Value | $113,104 |
| Average Home Value | $153,914 |
Housing Distribution
Address Breakdown
Residential
1,887
Single Family
1,887
Multi-Family
0
Businesses
91
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Listed by: Eric Adams • Cedar Realty Group
Mls Name: SWVAR
Mls Provider:
Mls ID: #97841
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.