787 Wet Springs RdChilhowieVA24319
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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 Chilhowie at 787 Wet Springs Rd, Chilhowie, VA, 24319 priced at $315,000 converts $1,990/mo rent into $107/mo cash flow after a $1,542/mo obligation. Total monthly income equals $1,990/mo, and annual cash flow totals $1,281/yr on $104,423 invested. Return on cash invested prints 21.14% in year one, and rental yield reads 7.58% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 109.15% and total cumulative return in cash sums $113,981. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,990/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24319, Chilhowie, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,287 (100%) |
| Owner Occupied HU | 2,145 (65.3%) |
| Renter Occupied HU | 694 (21.1%) |
| Vacant Housing Units | 448 (13.6%) |
| Median Home Value | $172,189 |
| Average Home Value | $204,587 |
Housing Distribution
Address Breakdown
Residential
2,644
Single Family
2,644
Multi-Family
0
Businesses
154
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