839 Corn Valley RdHonakerVA24260
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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 Honaker at 839 Corn Valley Rd, Honaker, VA, 24260 uses $54,698 cash to close to unlock $4,431/yr annual cash flow and $369/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $808/mo payment keeps the spread at $369/mo. Purchase price stands at $165,000, and rental yield measures 9.86% with $1,356/mo rent. Return on cash invested shows 28.01% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 146.07% and total cumulative return in cash records $79,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $808/mo payment rather than investor’s personal income.
Manufactured
Built in 1976
9.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24260, Honaker, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,523 (100%) |
| Owner Occupied HU | 1,743 (69.1%) |
| Renter Occupied HU | 435 (17.2%) |
| Vacant Housing Units | 345 (13.7%) |
| Median Home Value | $113,104 |
| Average Home Value | $153,914 |
Housing Distribution
Address Breakdown
Residential
1,887
Single Family
1,887
Multi-Family
0
Businesses
91
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