8234 W Lee HwyRural RetreatVA24368
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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 Rural Retreat at 8234 W Lee Hwy, Rural Retreat, VA, 24368 offers a 9.27% rental yield on a $189,000 purchase with $1,460/mo rent. Total monthly income registers $1,460/mo, and a $925/mo payment leaves $330/mo available for distribution. Annual cash flow reaches $3,963/yr on $62,654 to close, and return on cash invested stands at 26.23% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 136.54% and total cumulative return in cash at $85,546. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,460/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24368, Rural Retreat, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,379 (100%) |
| Owner Occupied HU | 1,653 (69.5%) |
| Renter Occupied HU | 379 (15.9%) |
| Vacant Housing Units | 347 (14.6%) |
| Median Home Value | $169,596 |
| Average Home Value | $220,800 |
Housing Distribution
Address Breakdown
Residential
1,934
Single Family
1,934
Multi-Family
0
Businesses
102
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Listed by: Deborah Crigger • Fathom Realty VA, LLC
Mls Name: New River Valley AOR
Mls ID: #424745