789 Cedar Gate RdMonroeVA24574
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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 Monroe at 789 Cedar Gate Rd, Monroe, VA, 24574 at $215,000 posts ROI 17.13% with from $1,120/mo rent. Total monthly income equals $1,120/mo. Return on cash invested measures 17.13% and rental yield reads 6.25% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 87.74% and total cumulative return in cash totals $62,533. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,120/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1995
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24574, Monroe, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,312 (71.3%) |
| Renter Occupied HU | 244 (13.3%) |
| Vacant Housing Units | 283 (15.4%) |
| Median Home Value | $269,952 |
| Average Home Value | $290,543 |
Housing Distribution
Address Breakdown
Residential
1,642
Single Family
1,642
Multi-Family
0
Businesses
78
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Listed by: James L. Cash • John Stewart Walker, Inc
Mls Name: LMLS
Mls Provider:
Mls ID: #354202
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.