83 Springview CtTroutvilleVA24175
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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 Troutville at 83 Springview Ct, Troutville, VA, 24175 priced at $685,000 converts $5,309/mo rent into $1,214/mo cash flow after a $3,353/mo obligation. Total monthly income equals $5,309/mo, and annual cash flow totals $14,567/yr on $225,365 invested. Return on cash invested prints 26.52% in year one, and rental yield reads 9.3% against a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation compiles into $189,253 by year five. Five-year ROI reaches 137.99% and total cumulative return in cash sums $310,990. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,309/mo property income covering a $3,353/mo payment, not borrower’s personal income.
Single Family
Built in 1959
2.02 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: SHEENA GROTH • RE/MAX ALL STARS
Mls Name: RVAR
Mls ID: #921532