7682 Lee HwyTroutvilleVA24175
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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 Troutville at 7682 Lee Hwy, Troutville, VA, 24175 uses $99,433 cash to close to unlock $685/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $1,850/mo, and a $1,468/mo payment keeps the spread at $57/mo. Purchase price stands at $299,950, and rental yield measures 7.4% with $1,850/mo rent. Return on cash invested shows 20.6% in year one, and 5% annual appreciation builds toward $82,871 over five years. Five-year ROI reaches 106.31% and total cumulative return in cash records $105,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,850/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Manufactured
Built in 2006
2.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24175, Troutville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,283 (100%) |
| Owner Occupied HU | 2,623 (79.9%) |
| Renter Occupied HU | 448 (13.6%) |
| Vacant Housing Units | 212 ( 6.5%) |
| Median Home Value | $343,356 |
| Average Home Value | $412,316 |
Housing Distribution
Address Breakdown
Residential
3,393
Single Family
3,393
Multi-Family
0
Businesses
158
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Listed by: SUSAN JONES • LONG & FOSTER - ROANOKE OFFICE
Mls Name: RVAR
Mls ID: #922866