8506 Hickory StPoundVA24279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pound at 8506 Hickory St, Pound, VA, 24279 uses $33,150 cash to close to unlock $2,120/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $774/mo, and a $489/mo payment keeps the spread at $177/mo. Purchase price stands at $100,000, and rental yield measures 9.29% with $774/mo rent. Return on cash invested shows 26.3% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 136.88% and total cumulative return in cash records $45,376. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $774/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24279, Pound, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,949 (100%) |
| Owner Occupied HU | 1,365 (70.0%) |
| Renter Occupied HU | 308 (15.8%) |
| Vacant Housing Units | 276 (14.2%) |
| Median Home Value | $102,584 |
| Average Home Value | $129,277 |
Housing Distribution
Address Breakdown
Residential
1,329
Single Family
1,329
Multi-Family
0
Businesses
80
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices